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Post by Logan on Jul 2, 2016 4:19:21 GMT -6
Maryland dairy farmer fought the Justice Department — and (finally) wonFour years after federal agents showed up at his Frederick, Md., farmhouse and told him that they had seized the money in his bank account, dairy farmer Randy Sowers has gotten it all back. The victory followed political pressure from Congress and legal pressure from the libertarian Institute for Justice on the government to roll back prosecution of the crime of structuring bank deposits to avoid Internal Revenue Service reporting requirements. “I’m happy in more ways than one,” Sowers said after the announcement. “Getting my money back and defeating something that was wrong.” When someone puts more than $10,000 in the bank at once, the bank makes a report to the IRS. Putting less than that amount in an account so as to intentionally avoid the scrutiny is a crime. In hundreds of cases, the Justice Department has seized money from the accounts of people accused of structuring. Read more: www.washingtonpost.com/local/public-safety/maryland-dairy-farmer-fought-the-justice-department--and-finally-won/2016/07/01/12dad438-3e3a-11e6-a66f-aa6c1883b6b1_story.html
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