Because nobody else or their attorneys have discussed seizure. Also, the feds can seize bank accounts, but don’t cancel credit cards. And, to seize money, they would have had to prove that the funds were obtained or used in commission of a crime to get a Federal judge to sign a warrant.
In short, he either was wrapped up in something else, or is making this up
They do it all the time... All they have to do is come up with some bogus tax violation and use the authority already granted to the IRS.
And from what it sounds like it was a bank account check card, not a credit card. If there are no funds it is no good.
Sorta like using fake evidence to get a judge to let the feds spy on people
Also, the feds can seize bank accounts, but don’t cancel credit cards.
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They don’t have to. CC company does it for them.
If CC are paid off automatically from a bank account, once feds freeze that acct, no payments are made and CC company refuses to honor the cards.
You are incorrect. 60 Minutes was reporting on these types of seizures back in the early 90s. The FBI is doing this on steroids now.
Under Obama, there was a convenience store owner, (in the Carolina’s I think) who had his life savings seized by banking regulators because they claimed his deposits, just under $10,000 dollars per week, were ‘structuring’, meaning he intended to stay under that $10,000 bank reporting threshold.
No, that just happened to be what his store collected in cash most weeks, (think lottery - all cash). It took him YEARS to get his money back.
Our government is completely out of control.