Posts tagged bank
Posts tagged bank
By Rady Ananda
Food Freedom News
Monsanto’s Food and Drug Administration can’t close down small dairies and private food clubs fast enough, bursting on the scene with guns drawn as if the criminalized right to contract for natural foods we’ve consumed for millennia deserves SWAT attention.
Now, Obama has the Dept. of Justice going after small farmers under the post-911 “Bank Secrecy Act” which makes it a crime to deposit less than $10,000 when you earned more than that.
“The level we deposited was what it was and it was about the same every week,” Randy Sowers told Frederick News. The Sowers own and run South Mountain Creamery in Middletown, Maryland.
Admittedly, when the Sowers earned over $10,000 in February, and learned they’d have to fill out paperwork at the bank for such large deposits, they simply rolled the deposits over to keep them below the none-of-your-fucking-business amount, rather than waste time on bureaucratic red tape aimed at flagging terrorism or other illegal activities.
“Structuring,” explains Overlawyered.com, “is the federal criminal offense of splitting up bank deposits so as to keep them under a threshold such as $10,000 above which banks have to report transactions to the government.”
While being questioned, the Sowers were finally presented with a seizure order and advised that the feds had already emptied their bank account of $70,000. The Dept. of Justice has since sued to keep $63,000 of the Sowers’ money, though they committed no crime other than maintaining their privacy.
Without funds, they will be unable to make purchases for the spring planting.
When a similar action was taken against Taylor’s Produce Stand last year, the feds seized $90,000, dropped the charges, and kept $45,000 of Taylor’s money.
Knowing that most farms operate on a very thin margin, such abuse of power wipes out a family’s income, and for a bonus, the feds enhance the monopoly power of Monsanto, Big Dairy and their supply chain.
Matt Wuerker (04/21/2012)