Eric Holder Expanding His Bag of Dirty Tricks

From the Washington Times:

eric holder

U.S. Attorney General Eric Holder has crafted a new policy that would allow government officials to seize bank accounts involved in financial structuring schemes prior to filing criminal charges against the individuals who own those accounts.

The new policy stems from the Justice Department’s ongoing review of its asset forfeiture program. The policy is aimed at preventing criminals from making a series of currency transactions under a certain monetary threshold in order to evade reporting the transaction to the authorities, according to a department statement.

Those types of transactions typically lead to “the most serious illegal banking transactions” and occur “in connection with other criminal activity,” the statement read.

The policy enables prosecutors to issue warrants for bank accounts that are potentially involved in a structuring scheme once the likelihood of federal criminal activity is shown. Upon a supervisor’s approval, the prosecutor must then file a criminal indictment or civil complaint against the owner of the seized funds within 150 days or return those funds.

“With this new policy, the Department of Justice is taking action to ensure that we are allocating our resources to address the most serious offenses,” Mr. Holder said. “Appropriate use of asset forfeiture law allows the Justice Department to safeguard the integrity, security and stability of our nation’s financial system while protecting the civil liberties of all Americans.”


Here’s the key phrase – “..transactions under a certain monetary threshold in order to evade reporting..”. It doesn’t say what the threshold was prior to the change, but let’s just say it was $10,000. Now they can look at transactions of lesser amounts and still be within the law – the law they just changed with the stroke of a pen. Naturally, they say it’s aimed at criminals who make smaller transactions, but it can be used to look into anyone’s account if they so choose, and Eric Adolf Holder will use it as he sees fit. This is in conjunction with his Operation Chokepoint to kill small businesses that they don’t like and to stifle anyone not in agreement with their agenda.

By simply changing the regulations, Holder can now seize your money for the flimsiest of reasons and without proof that you’re guilty of breaking any laws. All the DOJ needs now is a suspicion. Nazi Germany, much?


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12 Responses to Eric Holder Expanding His Bag of Dirty Tricks

  1. London Whale

    In the case of the 2012 JPMorgan Chase trading loss, according to a US Senate report published in March 2013 after 9 months of investigation,[45] Dimon misled investors and regulators in April as losses rose dangerously to $6.2 billion on a “monstrous” derivatives bet made by the so-called “London Whale” Bruno Iksil. According to Carl Levin, Chairman of this panel, JP Morgan had “a trading operation that piled on risk, ignored limits on risk taking, hid losses, dodged oversight and misinformed the public”. Dimon dismissed press accounts of possible losses in Iksil’s book as a “tempest in a teapot” on April 13, 2012 when he knew that Iksil had already lost $1 billion, which led Levin to say “None of those statements made on April 13 to the public, to investors, to analysts were true,” and “The bank also neglected to disclose on that day that the portfolio had massive positions that were hard to exit, that they were violating in massive numbers key risk limits.” [46][47]

    Dimon corrected that wrong information a month later, in May 2012, before the true damage was revealed, after US Securities and Exchange financial watchdog started reviewing the losses.[48]

  2. tannngl says:

    I had read last week that the report limit for large money withdrawals or deposits used to be &10,000 and is now $5,000? I think. We do everything here in cash…
    This is such an invasion and so unconstitutional. And he’s writing his own laws, just as our prez is.

    • Kathy says:

      I understood it be $10,000 also, tannngl, but with this new twist on things, it won’t matter what the dollar amount is. If they want to seize your account, they’ll find an excuse.

  3. Once again, Eric Holder is excusing Morgan Chase from wrong doing. Due to Jamie Dimon, who is aiming for high office, with the help of Barack Obama and his clans, has ambitions of Federal Reserve Banking at his finger tips. Thus giving Jamie Dimon Carte Blanche cash revenues for his own Morgan Chase Bank, which would give him immunity to any monitoring on his Banking Habits. Such As, invalid mortages that entered foreclosures, illegally, during the mid 2006 to current. There are still Illegal Morgan Chase Mortgages to this day being illegally foreclosed as bad and cooked debts. But us hard working U.S. Taxpayers who have been misled by Morgan Chase, have been faced with unnecessary discrimination for our own ignorance. Today, at any bank, the Banking Customer is at risk with any amount of money in their account. The Ones who don’t break the law or don’t funnel drug money through Morgan Chase. Eric Holder is saying that Banking Customers are just a number and Honest Banking Customer Rewards do not exist.

  4. Yes, there is cocaine, hash, spike, heroin, and meth profits being deposited into Morgan Chase Bank. Of course, none of the Morgan Chase banker or tellers have not a hint or clue that drug funneling is being done at the drive up window. Numbers don’t tell lies.

    • Kathy says:

      Jack, thanks for all the good info. I don’t know how long you’ve been reading our posts, but have you read some of the ones we’ve done on the high numbers of banker suicides and sudden deaths? I’m just wondering if there’s a connection here.

  5. Garnet92 says:

    Oh please, whenever this administration says that “a policy is aimed at …” we can safely disregard whatever follows since it is NOT what the policy is REALLY aimed at, it’s merely a feint, a distraction. Whatever the REAL reason for the action, we can rest assured that it is NOT aimed at big-time criminals, more likely it is just another weapon that Holder/Obama can use against a political enemy.

    • Kathy says:

      Exactly, Garnet, by now those words are a red flag to us, not words of comfort or exclusion. That bit about protecting civil liberties is a complete crock – I’m surprised he could say it with a straight face.

  6. clyde says:

    Jack is spot-on here. IF Holder says this is “aimed at criminal enterprises”, why don’t he put his money where is mouth is, and start with THIS administration, then the REST of the democrat party ? As usual, this asshole is speaking out of both sides of his ass.

    • Kathy says:

      Indeed, he is Clyde, it’s all double talk. He’s changing regulations as fast as he can and now we’re at a point where nothing stops their invasion.

  7. upaces88 says:

    Am I mistaken? I cudda sworn he was replaced. Why is he still around with any influence at all!!!

  8. Jamie Dimon has higher ambitions with the Federal Government. The Federa Reserve Bank. The Bank that never stops going in debt. 19,000,000,000 and counting.