Banks Turning Accounts over to Police for Seizure

April 1, 2015 in News by RBN Staff

Source: Wholesale Direct Metals

by Damon Geller

Shocking new revelations demonstrate once again that, if you think your money is safe in the bank, you need to think again.  Coming on the heels of a recent New York Times report that the nation’s biggest banks have willingly turned bank accounts over to the IRS for total confiscation, the Wall Street Journal now reports that banks are working with the Department of Justice to turn customer bank accounts over to the police for seizure!  It’s all done in secrecy, often initiated by the bankers. Tragically, bank account holders don’t even know they’re being targeted until after the money is seized from their accounts.  The banks’ deplorable actions have already resulted in millions of dollars stolen from U.S. citizens without a shred of due process.  And in 80% of the cases, no criminal charges were ever filed. Even more alarming — in a matter of just a few years — these cases of unconstitutional bank account seizures have risen over 500%!  Experts advise that you have only ONE choice if you want to protect your savings and retirement from the corrupt banks and government.


Banks Have Already Been Reporting You

Whenever a banker finds anything suspicious about the activity of a customer, they are required by the federal government to file a suspicious activity report, or SAR.  What constitutes “suspicious activity” is at the judgment of the bank.  According to the handbook for the Federal Financial Institution Examination Council, banks are required to file a SAR with respect to “Transactions conducted or attempted by, at, or through the bank (or an affiliate) and aggregating $5,000 or more” if the bank merely suspects unlawful activity, regardless of whether they have actual evidence.

Banks have minimum quotas of SARs they need to fill out and submit to the federal government.  If they don’t file enough SARs, they can be fined or lose their banking charter, and bank executives and directors can even be imprisoned for noncompliance.  Chances are, your banker has filled one out on you—they submitted 1.6 million SARs against loyal customers in 2013 alone!

Banks Rat out Loyal Customers to the Police

But now, the Department of Justice is urging banks to file additional reports with the police, and they’re giving the police the authority to seize bank accounts without due process, even if no crime has been committed!  Assistant Attorney General Leslie Caldwell proudly explained, “We encourage those institutions to consider whether to take more action: specifically, to alert law enforcement authorities about the problem, who may be able to seize the funds, initiate an investigation, or take other proactive steps.”

So whenever your bank suspects something ‘suspicious’ is going on, the federal government urges them to pick up the phone and rat you out to the cops!  You might think this is no big deal, that you’ll just tell the police where the cash came from and how it’s being used.  Or you might assume that you’ll have your day in court.  Think again.

The IRS Already Seizes Accounts without Due Process

As recently reported by the New York Times, banks have already been reporting millions of cash deposits under $10,000 to the IRS.  From there, the IRS is arbitrarily deeming these deposits suspicious and seizing all the money in these accounts — without any evidence of a crime, without filing criminal charges, and without allowing the account holder to fight the confiscation in court!

What’s more, the number of IRS seizures has increased over 500% in just a few years, and in 80% of the cases the IRS never files a criminal complaint against the individual being seized.  The median amount seized by the IRS is $34,000, while legal costs can easily mount to $20,000 or more.  Individuals who are the victims of seizure often cannot afford to fight.  How big are the accounts the bankers turn over to the government for seizure?  The following are just a few of the horrifying cases exposed by the New York Times:

  • The government confiscated $447,000 from a family business in New York
  • The government confiscated $33,000 from a small restaurant owner in Iowa
  • The government confiscated $66,000 from an army sergeant in Virginia who was saving the money for his daughter’s college education

So when the police now come walking into the bank to investigate your cash deposits or withdrawals, don’t just assume you will have your day in court.  You may wake up tomorrow and find your bank account has been seized!


Government on the Brink of Disaster

So why are all these seizures of private savings happening?  Because the U.S. government and the Fed pumped trillions of dollars of YOUR money into the banks and stock market over the last several years, catapulting the U.S. debt to $28 trillion by 2018.  And now, the U.S. government and the Fed are completely out of ammo, with the Fed no longer able to buy U.S. treasuries.  They desperately need money to maintain their own power, and taxes are not enough.  So government officials are doing everything they can to keep the Ponzi scheme going, such as seizing the public’s money through inflation, deficits, and outright confiscation.  And now they have enlisted their old pals — the bankers — to help them get unfettered access to YOUR money without due process.

Protect Yourself from Gov’t Confiscation Now

With our desperate government leaning on their banker friends to gain unprecedented access to your money everywhere in the world, you need to take action NOW to protect your savings & retirement.  But when can’t trust your local bank, and when the government has its hands in your bank accounts, retirement accounts, brokerage accounts, and even the cash in your pocket – is any place safe?

Absolutely. There’s ONE asset class this sits outside the financial system and is completely secure from banker corruption, government confiscation and global economic collapse:  Gold & Silver.  Gold & Silver have been the best wealth protectors for over 5,000 years and have survived every government & currency collapse in history.  And when you own PHYSICAL gold & silver, the banks and the government CANNOT seize your savings with a click of a button.

So with the government spending way beyond its limits and seizing control of your financial accounts, the time is now.  Protect your savings & retirement with physical gold & silver before you have nothing left to protect. (Call 800-226-8106 to receive your free copy of Damon Geller’s popular book, “Defend Your Money against Gov’t Confiscation,” or see below)