Implode-o-Meter News - The IRS seized this North Carolina man's life savings. Now he's getting it back

Here's how [it happened]: Under federal bank "structuring" laws, the IRS may seize a person's bank assets if it discovers a pattern of frequent transactions under $10,000. Banks are required to report cash transactions over $10,000 and it's a crime if one tries to avoid that reporting by purposefully keeping all transactions below that amount.
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The end result: Anyone who runs a cash business, such as a convenience store, a restaurant or a bar, can get snared even though they've done nothing wrong.
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The change of policy [against such seizures when criminal activity is not suspected], however, is not legally binding, Johnson said. And it didn't help resolve Quran's case or other prior cases involving more than 600 people who had at least $43 million seized since 2007.

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The IRS seized this North Carolina man's life savings. Now he's getting it back