from Off Grid Survival:
We’ve talked about the security of the banking industry many times in the past, but the story we found today should come as a huge wake-up call to those who think their money’s safe in today’s banking system.
The American Enterprise Institute ran a story earlier this week of a Family who had their entire bank account wiped out, after the IRS used civil forfeiture laws to seize all of the money in the family’s bank account.
For over 30 years, Terry Dehko has run a small successful family owned grocery store in Fraser, Michigan. In January of this year, the IRS used civil forfeiture, a process that was originally used to go after organized crime, to seize all of the money from the family’s store bank account. The IRS took over $35,000 of the family’s money, all of this without ever filing a criminal charge or allowing them to have a day in court.
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