Jeff Sessions wants to increase asset forfeiture

jonsnow399 said:

But banking Bi-County’s proceeds has always been problematic, Jeff Hirsch says. Aside from the security risks of keeping large amounts of cash on hand, the company kept running up against reluctant banks that didn’t want to deal with the extra paperwork. In fact, in the decade before the Bi-County account was seized, the company had been shut out of three local banks who grew impatient with the Hirsches’ large cash sums. Then a CPA who does work for the company suggested that the Hirsches make smaller, more frequent deposits.

“They had no idea they were doing anything wrong,” Salzman says. “If somebody had said, hey, what you’re doing could be misconstrued, or it’s illegal, they would have stopped doing it in a heartbeat.”

Salzman adds that making numerous sub-$10,000 deposits is not illegal, unless the deposits are structured to conceal ill-gotten gains.

Since the hassles with the feds, the Hirsches have reverted to making large, reportable deposits, Jeffrey Hirsch says.

The point is that they had absolutely no proof of wrongdoing and should have presented evidence quickly or returned the money.

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schuylaar said:

Total bullshit. Banks LOVE your money..that's how they make THEIR money through ..analyses fees.

Everyone knows this banking rule. It's been out there before my children were born when I worked in banking.

This guy knows. His CPA DEFINATELY knows..it's Accounting 101..they were doing something sketchy.

And the governments 'go to' is..'you're a business it's up to YOU to educate yourself in state and federal law'.

Simply put..there's no excuse.

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jonsnow399 said:

What banking rule?
You're defending the govt? They broke no law. They were NOT prosecuted. No evidence was presented. Would you say the same thing if Trump's DoJ did this? The govt went after these people with no evidence except "suspicion", and then dragged it out, offering to settle for lesser amounts of money until they were finally forced to give up and return it all. If they had case where was it?

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schuylaar said:

It's not against the law to transact less than $10k..what is against the law is manipulation of deposits to avoid the report.

Here's where he's wrong:

1. I don't buy his story regarding banks being 'bothered' in order to count his deposit in excess of $10k. It's basic bullshit.
2. His CPA KNOWS the law and advised him to make deposits under $10k.
3. Vending is a cash business. The IRS knows this.

Plus he admitted to structuring. Remember?

Hell, I withdrew 10k and they reported me. I was surprised to be honest.

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jonsnow399 said:

Try telling that to the Hirsch brothers.

Federal prosecutors working under Lynch’s supervision put the brothers through a civil forfeiture nightmare. For twenty-seven years, Jeff Hirsch has distributed candy, cigarettes, and other products to convenience stores. His father was in the business before him, and Jeff’s brothers are partners in the business. The brothers work hard, sometimes eleven hour days, to make an honest living. But in May 2012, prosecutors from the Office of the United States Attorney for the Eastern District of New York—the office currently run by Lynch—teamed up with the IRS to seize the business’s entire bank account totaling nearly $450,000 simply because the brothers deposited cash in amounts under $10,000.

The government never alleged that this money was anything other than the lawfully earned proceeds of the brothers’ legitimate business.

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darkzero said:

http://mobile.wnd.com/2014/10/irs-seizes-life-savings-for-deposits-under-10000/

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ttystikk said:

This is a classic example of the violation of our constitutional right of protection from search and seizure without due process.

If we don't have our civil rights when we need them, we don't fucking have them at all!

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UncleBuck said:

why the fuck would you make a series of $9,900 deposits if you are making cash legally?

they were retarded and got caught, don't try to blame the black guy you retarded lolbertarian.

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SneekyNinja said:

It only covers deposits.

And you withdrew 10k? Lol...

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ttystikk said:

I'm on record as saying the only good thing about Trump's election is the resulting resurgence of the Progressive Movement.

Well, killing the TPP was an accidentally good move too.

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jonsnow399 said:

Hopefully Sessions will resign now that Trump has thrown him under the bus.

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dagwood45431 said:

That's what Trump thought was going to happen. I'm glad the groveling little elf surprised him. The longer he stays on the better. He is completely feckless when it comes to obstructing the Russian investigations at this point. Trump will have to fire him now or deal with the fact that he's not going to be able to sneak a stooge in as AG.

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