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Another Way to Kill Small U.S. Farmers: Seize Their Bank Accounts on Phony Charges

Another Way to Kill Small U.S. Farmers: Seize Their Bank Accounts on Phony Charges

Story at-a-glance -

  • The U.S. government has seized $70,000 from a small dairy farmer in Maryland because they made bank deposits in increments that were less than $10,000; the feds accused the farmer of “structuring,” or violating the Bank Secrecy Act by intentionally depositing smaller amounts so they would not have to fill out the paperwork required of larger deposits

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