a reply to:
TheRedneck
Checkout the picture in the article.
It looks to me like the vault has partitioned boxes, like a group of 8~16 to a "block". IIUC the agents, with or without the bank's assistance, are
simply removing the entire block out of the vault wall. Not sure how exactly they are getting the "blocks" out of the wall, but once you do, seems
like you'll have access to a lock box via the back side of the block, without needing any type of key, from anybody, bank or customer.
I will agree with others about the article from the OP; they seem to maybe be over-simplifying what's going on.
I don't see the DoJ taking down the storage company's site and yanking blocks of lock boxes out of the wall unless:
1.) the storage company is suspected of being dirty and is being investigated
and/or
2.) a
significant number of customers are suspected of being dirty, not just a handful
"Why would anybody have their 'life savings' in a lock box?"
Because those 'poor souls' assets are comprised of strictly ca$h.
Some people do this in a more or less benign capacity (aside from not paying taxes), like contractors or wait staff.
Other people do this with laundered money from, e.g. dealing drugs, racketeering, etc.
I'mmmmm gonna guess the DoJ isn't going after some schmo serving tables at Applebee's or the local roofing guy, so....
IDK I would only entrust something I could afford to lose in the hands of secure storage company. Something that is replaceable, or that I want
protected but already have copies of (escrow, documents, USB storage).
I just don't trust people I don't know to hold onto true valuables for me.
edit on 22-9-2021 by SleeperHasAwakened because: (no reason
given)