Feds to return $107K they seized from NC business owner

“McLellan is just one of thousands of Americans the IRS has seized money from, supposedly for ‘structuring’ funds to avoid a law requiring banks to alert the government of deposits over $10,000. The law was instituted to help the government ferret out drug dealers, terrorists or other criminals — but the IRS occasionally flags deposits of just under $10,000 as suspicious even if there’s no evident criminal wrongdoing, in turn ensnaring people who may be innocent.  That’s what allegedly happened in McLellan’s case. His convenience store in North Carolina was raided in October by IRS agents who said he made a series of just-under-$10,000 deposits in a 24-hour period.”

http://www.foxnews.com/politics/2015/05/15/attorneys-feds-will-give-nc-man-his-seized-107gs-back/

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