Quote:I don't have time to read the entire wiki link but are you saying that if a business operates with cash only payments, deposits large amounts of cash, and accounts for every dime on their tax return, their bank account can still be seized without the the chance of getting it back after proving no wrong doing?

 

Jeez, at least take 15 seconds to read the first part.

 

Say a company or person makes several deposits in cash just under $10,000.00 in a short period of time.  That can raise suspicion of criminal activity, even if there is no criminal activity.  Any deposit in cash  above $10,000.00 requires paperwork.

 

Here's a couple of paragraphs from the wiki explaining some of this.

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Seizures of funds in a bank account<span style="color:rgb(85,85,85);">[edit]</span>
<p style="color:rgb(37,37,37);font-familyans-serif;">The government can seize money directly from a bank account. One way this happens is when there are large numbers of cash deposits which government investigators suspect are done as a way to avoid deposits which exceed $10,000, since deposits greater than that amount must be reported to the federal government. But it can happen that legitimate businesses have regular large deposits of cash. In one instance, the Internal Revenue Servicewaited for large deposits to be placed into an owner's bank account, and then forced the bank by legal means to surrender it to the agency by means of a secret warrant;^[22] authorities took $135,000 from Michigan restaurant owners, named the Cheung family, who made cash deposits from their Chinese restaurant.^[21] In another instance, a businessman in New Jersey made repeated cash deposits to save for purchasing a house; each payment was below the $10,000 threshold for reporting to the government, but there were 21 deposits over a period of four months, which caused government to suspect that criminal activity was involved; as a result, the IRS seized $157,000 and the businessman was forced to hire an attorney to get his funds returned.^[12] Officials seized $35,000 from the bank account of a grocery store "without any warning or explanation" in 2013.^[21]


Contested seizures<span style="color:rgb(85,85,85);">[edit]</span>
<p style="color:rgb(37,37,37);font-familyans-serif;">After police and authorities have possession of cash or other seized property, there are two ways in which the seized assets become permanently theirs: first, if a prosecutor can prove that seized assets were connected to criminal activity in a courtroom, or second, if nobody tries to claim the seized assets.^[30] What happens in many instances is that the assets revert to police ownership by default. If a victim challenges the seizure, prosecutors sometimes offer to return half of the seized funds as part of a deal in exchange for not suing.^[14] Sometimes police, challenged by lawyers or by victims, volunteer to return all of the money provided that the victim promises not to sue police or prosecutors; according to the <i>Washington Post</i>, many victims sign simply to get some or all of their money back.^[25] Victims often have "long legal struggles to get their money back".^[25] One estimate was that only one percent of federally taken property is ever returned to their former owners.^[31]

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