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Title: Iraq Vet: IRS Extorted Me, Left Me No Money to Run My Business
Source:
Fox News
URL Source: http://insider.foxnews.com/2015/02/ ... ft-me-no-money-run-my-business
Published: Feb 12, 2015
Author: Staff
Post Date: 2015-02-14 18:47:41 by Gatlin
Keywords: None
Views: 772
Comments: 3
An Iraq War veteran says the IRS extorted him and left him no money to run his small business. Navy veteran Andrew Clyde, owner of Clyde Armory in Georgia, explained on tonight’s “On The Record” that the IRS seized nearly $1 million from him back in April 2013 due to a federal program which allows the IRS to seize assets over suspected criminal activity. Clyde said two IRS agents showed up with a seizure warrant and took $940,313 from the company bank account. They accused him of “structuring,” or frequently depositing sums under $10,000, since deposits above $10,000 must be reported to the federal government. Clyde told Greta Van Susteren that he had no idea what structuring was. He explained that his lawyers showed the IRS that the money was properly earned and reported, but the IRS still wouldn’t return it. Three weeks later, Clyde said the IRS offered to give back $600,000 if he forfeited $325,000 to the feds, but Clyde rejected the offer. Three-and-a-half months later, a judge forced the IRS to return $440,000 and gave Clyde an expedited trial. Still, Clyde said he ended up forfeiting $50,000 to get the remaining $450,000 back. Clyde testified to Congress about the ordeal Wednesday. “I did not serve three combat terms in Iraq only to come home and be extorted by my government’s use of civil forfeiture laws, but that is what I feel they have done to me, and I need you to stop it from happening to anyone else,” he said.
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#1. To: Gatlin (#0)
Congress needs to prosecute the IRS thug scum.
The thieving bastards won't be. It would take balls, which no one in Congress has.
a) I don't believe Clyde. He may not have known it was called "structuring", but he knew what it was. b) Even if I believed him, so what? Does he get a pass because he didn't know? c) If the money was legit, why deposit it in amounts less than $10,000? Given a bank balance of $940,313, that's over 94 deposits. d) I once knew a camel named Clyde:
#2. To: TEA Party Reveler (#1)
Congress needs to prosecute the IRS thug scum.
“Truth is treason in the empire of lies.” - Ron Paul
Americans who have no experience with, or knowledge of, tyranny believe that only terrorists will experience the unchecked power of the state. They will believe this until it happens to them, or their children, or their friends.
Paul Craig Roberts
#3. To: Gatlin (#0)
"Clyde told Greta Van Susteren that he had no idea what structuring was."
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