“Did you know that small business owners can be prosecuted for making repeated cash deposits of under $10,000? Randy and Karen Sowers, owners of a successful Maryland creamery, learned that accounting detail the hard way when the federal government seized $62,936 from their company’s bank account and charged them with violating the Bank Secrecy Act. The Sowers did not intend to violate the law. The couple simply found themselves caught in a net of federal prosecution because their everyday business practices and ignorance of obscure banking laws ran afoul of a federal statute.”

http://thebelltowers.com/2013/06/20/depositing-a-little-common-sense-into-law/

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