New York

Info on Operation choke hold- important info for providersangry_smile
Floatingaround 1235 reads
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Do not think you are safe with Chase, Wells Fargo, or Citibank, Bank of America

Chase will actually do a hard hold on your cash- the worst!
All others do a 30 day notice after they notice lots of cash deposits, and no, You are Not safe with Wells Fargo, trust me on this.

Read this!

The development of Operation Choke Point appears to have begun with a 2011 FDIC circular that noted “an increase in the number of deposit relationships between financial institutions and third-party payment processors and a corresponding increase in the risks associated with these relationships,” including “greater strategic, credit, compliance, transaction, legal, and reputation risk.”

The circular also explained how certain industries appeared to be at greater risk of fraud than others, including: ammunition sales, cable-box de-scramblers, coin dealers, credit card schemes, credit repair services, dating services, drug paraphernalia, escort services, firearms, fireworks, home-based charities, lifetime guarantees, lifetime memberships, lottery sales, money transfer networks, online gambling, payday loans, pornography, tobacco, travel clubs, and many others.

The list of high-risk payment types was broadly drawn, with no indication as to the criteria for inclusion on the list. Since then, a series of actions by the agencies participating in Operation Choke Point, led by the Department of Justice, have sought to crack down on these politically disfavored industries by choking off their access to the financial system.

Floatingaround564 reads

There are also reports that porn stars (and here) have had their bank accounts terminated for “moral” reasons related to the “reputation risk” of banking individuals in the porn industry.

This is also for escorts, I am sure, this country is going to shit, horrible with the democrats.

banks anyway?   Why turn perfectly good cash into 1s and 0s that don't exist, without accounting manipulation and help from the FED, the major banks are still broke.

Floatingaround423 reads

IRS Seizing Bank Accounts of Innocent Americans
Sunday, 26 Oct 2014 09:52 AM
By John Blosser

   
The Internal Revenue Service has been seizing money from the bank accounts of individuals and businesses with no proof of any crimes nor any charges filed.

Now, the IRS claims that it will stop — but will it?

Using a law, the Civil Asset Forfeiture Reform Act of 2000, that allows the feds to seize money from suspected gangsters, drug dealers and terrorists, the IRS has put innocent people into bankruptcy and massive debt and taken the money a military father saved from his paychecks to put his kids through college, solely by tracking the amounts that people put into their bank accounts.
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When no criminal activity is charged, The New York Times reports, the IRS often negotiates to return only part of the seized money, leaving impoverished citizens with little option but to either accept the IRS' offer or continue a lengthy and very expensive legal battle to try to get their legitimately earned money back.

The problem has been growing. The Institute for Justice estimates that from just 114 seizures in 2005, the IRS made 639 seizures in 2012, and in only 20 percent of the cases were any criminal charges ever pursued.

Under the Bank Secrecy Act, banks report transactions larger than $10,000 to federal authorities, but also report a pattern of regular, smaller deposits which appear designed to get around the act. This alone can be enough to trigger a seizure, the Times reports, and banks filed over 700,000 "suspicious" reports last year.
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One involved a 27-year-old Long Island candy and cigarette distribution company, Bi-County Distributors, which made daily cash deposits, usually under $10,000. When the IRS seized $447,000 from the company, it refused to return it, despite the fact that there was no crime to prosecute, and instead offered a partial settlement.

The company is now $300,000 in debt and attorney Joseph Potashnik told the Times, "I don’t think they’re (the IRS) really interested in anything. They just want the money."

Army Sgt. Jeff Cortazzo was saving up for his daughters' college education when the IRS seized $66,000 of his money – it cost him $21,000 to get the remainder back.

Richard Weber, the chief of Criminal Investigation at the IRS, said in a written statement in response to the Times story, "After a thorough review of our structuring cases over the last year… IRS-CI will no longer pursue the seizure and forfeiture of funds associated solely with 'legal source' structuring cases unless there are exceptional circumstances justifying the seizure and forfeiture and the case has been approved at the director of field operations (D.F.O.) level."
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Read Latest Breaking News from Newsmax.com http://www.Newsmax.com/Newsfront/crime-money-IRS-seizure/2014/10/25/id/603098/#ixzz3JTXx9FeF  
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The banks are accountable for what they do to some hoo hah in the sky, and have their own consequences. We are accountable to our authorities for our actions.

We all get spanked by different parents. When i was a kid, if I spanked my mom for fucking up at her job, she would rightfully beat the shit out of me then put me in a juvenile detention center, lol. Her job spanks her for her wrong. If I did something wrong, she spanked me. Not her boss. (Unless there was something weird going on lol.)

Same with banks vs. me. I can't go discipline the bank when I have no authority to carry out the discipline. In fact, I get in even more trouble "fining" a banking system when I'm not licensed to do so. (That would technically be "fining" the governmnt, and/or bank if I'm keeping money from them for a wrong doing on their part - again that's not in my wheelhouse.)

Now the government can fine the banks for their transgression, and other countries hold our government accountable for our shitty financial moves. Then there's me. My tiny kid hand spanking won't hurt the banks or gov't one bit. It will piss them off, and in turn, my attempt at playing vigilante will bite me in the ass in the end.

Posted By: lbll
banks anyway?   Why turn perfectly good cash into 1s and 0s that don't exist, without accounting manipulation and help from the FED, the major banks are still broke.

And someone can report the purchase as fraud, or illegal activities. I know of a guy who goes to strip clubs and has his CC charges reversed all the time. (Not very nice, but...)

I don't deal with enough money to risk a felony.

One thing that may help, but im not sure, simply not to trigger the system, is go to Currency Exchange and get money orders. Deposit a few money orders at a time? I don't know if that looks good or bad, or if it acts as cash, but at least you're not walking in with 100 $20 bills plus 20 benjamins lol.

The House Judiciary Committee opened hearings on Operation Chokepoint to investigate it's legality in July:

http://judiciary.house.gov/index.cfm/2014/7/hearing-guilty-until-proven-innocent-a-study-of-the-propriety-legal-authority-for-the-justice-department-s-operation-choke-point

A new bill has been introduced to decapitate Chokepoint. Want to bet this becomes a big issue in a Republican-controlled congress?

https://www.congress.gov/bill/113th-congress/house-bill/4986

And now things are heating up:

http://dailysignal.com/2014/10/16/republican-lawmakers-demand-answers-justice-department-operation-choke-point/

I hope everyone writes their elected officials and expresses their views on Chokepoint, and encourages them to support HB4986.

Floatingaround521 reads

in the meantime its happening everywhere all over the country, killing food trucks, nail salons escorts etc, more than what you see on the list.

Posted By: MasterZen
The House Judiciary Committee opened hearings on Operation Chokepoint to investigate it's legality in July:  
   
 http://judiciary.house.gov/index.cfm/2014/7/hearing-guilty-until-proven-innocent-a-study-of-the-propriety-legal-authority-for-the-justice-department-s-operation-choke-point  
   
 A new bill has been introduced to decapitate Chokepoint. Want to bet this becomes a big issue in a Republican-controlled congress?  
   
 https://www.congress.gov/bill/113th-congress/house-bill/4986  
   
 And now things are heating up:  
   
 http://dailysignal.com/2014/10/16/republican-lawmakers-demand-answers-justice-department-operation-choke-point/  
   
 I hope everyone writes their elected officials and expresses their views on Chokepoint, and encourages them to support HB4986.

They think we're too stupid to notice...it's for our own good, right?

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