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The FBI falsely claimed that Ruiz, who is a chef, made the $57,000 they stole from him from drug dealing because a drug dog alerted to the presence of drugs on the cash.
It is widely known that a large percentage (upwards 0f 90%) of U.S. paper money contains trace amounts of coc aine. Having a large amount of cash will most assuredly alert a drug dog.
In fact, the U.S. Court of Appeals for the Ninth Circuit has ruled that government does not have probable cause to seize cash from individuals based only on a drug-detection dog’s reaction; stating specifically that the majority of money in circulation has drugs on it.
But court precedents and ethical enforcement of the law apparently mean very little to the FBI who confiscated the life savings of hundreds of people for this very reason. Ruiz was forced to produce documents proving his innocence and show the source of the money was legitimate in order to get it back. In other words, he was guilty until proven innocent.
Gluck told the Times that U.S. Private Vaults customers “included many immigrant business owners who escaped repressive regimes where banks are unsafe and have collected amounts of cash as their life savings over many, many years.”
In other words, the FBI is robbing innocent people of their life savings and using bogus excuses to justify the theft.
originally posted by: ThatDamnDuckAgain
They can't know what's in them, if there is money in it, can't be yearly taxed.
originally posted by: SuperDave90
For now…..
originally posted by: ThatDamnDuckAgain
a reply to: 727Sky
I see those deposit boxes are a thorn in the eye of ever controlling governments. They can't know what's in them, if there is money in it, can't be yearly taxed.
What happens with such money that is confiscated forever? Does it go back to federal reserve after a holding time or is it just destroyed?