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In the March 9 indictment that was unsealed Friday, a federal grand jury charged U.S. Private Vaults with three counts of conspiracy — to launder money, distribute narcotics and structure cash transactions to dodge detection. None of the people who are allegedly behind the operation were named in the court records. It is was not immediately clear whether any individuals will face criminal charges as well.

Translation, company indicted to allow government to seize assets that may be involved in a crime. Now then, if you want to get your stuff back, you mush make an application to the court in effect proving you are not a crook. Won’t be long before they arrive at our homes looking for guns IMO.

“...structure cash transactions to dodge detection.”

This is the ‘crime’ that gets me. FedGov has a law that cash transactions of over $10,000 must be reported. But if you move less than that amount, say $2500 a day for four days, they can charge you with ‘structuring’. You’d think that since you earned it, it’s your money, but apparently it isn’t.

I think that’s what they got former Speaker Hastert on. He withdrew his own money to pay off a wrestler he molested when he was a coach. He wasn’t charged with molesting the wrestler, or for paying him off, but rather withdrawing the bribe in chunks of less than $10,000 so he didn’t have to report it.