Civil asset forfeiture at work.
Watch Randy Sowers, owner of South Mountain Creamery, tell CNBC what happened when he deposited cash from sales at farmer’s markets into his bank account. In his case the bank teller actually told Sowers’ wife not to deposit more than $10,000 so the bank wouldn’t have to do the paperwork. Surprise! Looks like a structured deposit to the IRS — time for seizing! “They never really accused me of anything,” said Sowers.