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If you plan to deposit $10,000 or more into your checking account, there are a few things you should consider first. By law, banks have to report deposits that exceed a certain amount. Not only that, but many bank accounts come with maximum deposit restrictions. You may also be subject to certain fees when making such a large deposit. If you frequently make large deposits, you should also watch out for any potential scams or fraudulent activity. But even if this is a one-time thing, it’s still important to know about these factors and how they might affect you. Banks...

The federal government currently wields a tremendous amount of power over the citizens of the United States, far more than the Founders intended. One manifestation of federal overreach is civil asset forfeiture. This practice allows the federal government to confiscate the wealth of its citizens upon the mere suspicion of wrongdoing. The IRS, not content with expropriating the wealth of its citizens on April 15 every year, has now taken up the practice of seizing funds that have been involved in perfectly legal transactions on the basis of a hunch. Thankfully, legislation in the House and the Senate has been...

After more than four years, two congressional hearings, and countless pleas to the IRS and Justice Department, Randy Sowers’ fight with the federal government is finally coming to a close.The Internal Revenue Service is returning the $29,500 it took from the Frederick County, Maryland, dairy farmer, ending his long journey through the civil asset forfeiture system.“When you’re in kindergarten, you learn that if you’ve taken something that doesn’t belong to you, you have to give it back,” Rob Johnson, a lawyer with the Institute for Justice who represented Sowers, told The Daily Signal. “In this case, the IRS has taken...

Randy Sowers built his dairy farm over three decades into a thriving business. After kick-starting with a $100,000 loan, today the South Mountain Creamery has 1,000 cows and 70 employees delivering milk, ice cream and other products to homes in the Washington, D.C., area.

Can’t believe it… The timing here is just eerie, especially after what happened a few days ago… America’s most respected newspaper, The New York Times, just published an article titled: “When It’s a Crime to Withdraw Money From Your Bank.” The NYT article details how Federal lawyers (from Obama’s Federal Bureau of Investigation), are prosecuting a former Republican representative for withdrawing his own money from his own bank account. DEVELOPING: Senator: “go to the ATM machine… draw out everything it will let you take” The Republican politician, former Speaker of the House under President George H. Bush, now faces a...

Dennis Hastert has not been indicted on a charge of sexual abuse, nor has he been indicted on a charge of paying money he was not legally allowed to pay. The indictment of Mr. Hastert, a former House speaker, released last week, lays out two counts: taking money out of the bank the wrong way, and then lying to the F.B.I. about what he did with the money. Does that make sense? Conor Friedersdorf of The Atlantic, for example, is worried that the indictment constitutes government overreach, punishing Mr. Hastert for concealing payments whose disclosure he may have thought would...

Denny Hastert — the former House speaker now indicted for violating regulations on bank withdrawals that were originally meant to snare drug dealers — was a man of integrity according to his former House colleagues. By the sketchy standards of Illinois politics, that might well have been true. But his fall from grace should prompt other questions about how a former high-school teacher who held elective office from 1981 to 2007 could leave Congress with a fortune estimated at $4 million to $17 million. When he entered Congress in 1987, he was worth at most $275,000. Hastert was the...

On Oct. 24, 2001, then-House Speaker J. Dennis Hastert (R-Ill.) shepherded the Patriot Act through the House of Representatives. It passed 357 to 66, advancing to the Senate and then-President George W. Bush’s desk for signing. Hastert took credit for House passage in a 2011 interview, claiming it “wasn’t popular, and there was a lot of fight in the Congress” over it.

Former Speaker of the House Dennis Hastert was indicted Thursday by a federal grand jury in Chicago. The Illinois Republican, 73, is charged with trying to evade cash withdrawal requirements, and with lying to the FBI about it.

Letter to my Congressional Representative Legislative Staffers, please ask staffers of appropriate governmental affairs committees to introduce legislation regularizing and streamlining the process for innocent, small-businesspeople to recover assets summarily seized by the Federal Government for technically running afoul of "Structuring Violations" laws about "suspicious deposits", a governmental shakedown operation in which innocent victims have no hope of recovering the $100 millions of honestly earned assets improperly confiscated by tyrannical, run-amok government officials.

 Structuring Violations Laws (Assets Seizure for Consistently 'Suspicious' Deposits Just Below $10k) Were Originally Passed Because Professional Credit-Card-Fraud Organized Crime Is Nearly Impossible To Break.  A "Mule" for a top money laundering operation was only caught because a substitute check-cashing clerk he had romanced found him making $2,995 transactions in two different cities.   I made a "top secret" movie of a lecture before a Veterans' group, "I'd tell you a secret, but then I'd have to kill you" sort of thing, the lecture title was "The Transnational Impact of Financial Crimes", basically it was a law-enforcement insider's account of how...

An Iraq War veteran says the IRS extorted him and left him no money to run his small business. Navy veteran Andrew Clyde, owner of Clyde Armory in Georgia, explained on tonight’s “On The Record” that the IRS seized nearly $1 million from him back in April 2013 due to a federal program which allows the IRS to seize assets over suspected criminal activity. Clyde said two IRS agents showed up with a seizure warrant and took $940,313 from the company bank account. They accused him of “structuring,” or frequently depositing sums under $10,000, since deposits above $10,000 must be...

Andrew Clyde, a Navy veteran who served in Iraq, started his small firearms store in Athens, Ga., in the 1990s. Over the years, he watched his business grow. And then, on April 12, 2013, two IRS agents swooped in and seized nearly a million dollars from his company's bank account. Clyde was on the wrong end of a murky federal program that allows agencies to seize assets they suspect could be tied to criminal activity -- even without actual criminal activity.

Nora R. Dannehy, Acting United States Attorney for the District of Connecticut, announced that PETER C. BOTTI, 81, of Shelton, pleaded guilty today before Senior United States District Judge Charles S. Haight, Jr. in New Haven to one count of structuring currency transactions. According to documents filed with the Court and statements made in court, from approximately June 2006 through November 2006, BOTTI intentionally structured cash transactions by having cash deposits of $97,800 made to his accounts at two different financial institutions in amounts less than $10,001. Federal law requires all financial institutions to file a Currency Transaction Report (CTR)...

   But It Is About The Sex March 27, 2008 When Bill Clinton got caught with his pants down, the precedent was established for a brilliant defense...”It’s just about sex”. Little did it matter that a President lied under oath and tampered with witnesses.  Little did it matter that a President was cleaning himself off in the Oval Office bathroom while a young bimbo, with no security clearance of substance, could have been reading “who knows what” on the Presidential desk...it was about sex and that negated any associated felonies. Well, better duck because the same line of crap is starting to...