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Navy veteran Andrew Clyde,van cleef fake alhambra bracelet, owner of Clyde Armory in Georgia, explained on tonight's "On The Record" that the IRS seized nearly $1 million from him back in April 2013 due to a federal program which allows the IRS to seize assets over suspectedcriminal activity.
Clyde said two IRS agents showed up with a seizure warrant and took $940,313 from the company bank account. They accused him of "structuring,van cleef and arpels bracelet knock off alhambra," or frequently depositing sums under $10,000, since deposits above $10,000 must be reported to the federal government.
Clyde told Greta Van Susteren that he had no idea what structuring was. He explained that his lawyers showed the IRS that the money was properly earned and reported, but the IRS still wouldn't return it. Three weeks later, Clyde said the IRS offered to give back $600,000 if he forfeited $325,000 to the feds, but Clyde rejected the offer.
Three and a half months later, a judge forced the IRS to return $440,000 and gave Clyde an expedited trial. Still,van cleef arpels fake bracelet, Clyde said he ended up forfeiting $50,000 to get the remaining $450,000 back.
Clyde testified to Congress about the ordeal Wednesday,alhambra replica bracelet van cleef.
"I did not serve three combat terms in Iraq only to come home and be extorted by my government's use of civil forfeiture laws, but that is what I feel they have done to me, and I need you to stop it from happening to anyone else," he said.
Navy veteran Andrew Clyde,van cleef fake alhambra bracelet, owner of Clyde Armory in Georgia, explained on tonight's "On The Record" that the IRS seized nearly $1 million from him back in April 2013 due to a federal program which allows the IRS to seize assets over suspectedcriminal activity.
Clyde said two IRS agents showed up with a seizure warrant and took $940,313 from the company bank account. They accused him of "structuring,van cleef and arpels bracelet knock off alhambra," or frequently depositing sums under $10,000, since deposits above $10,000 must be reported to the federal government.
Clyde told Greta Van Susteren that he had no idea what structuring was. He explained that his lawyers showed the IRS that the money was properly earned and reported, but the IRS still wouldn't return it. Three weeks later, Clyde said the IRS offered to give back $600,000 if he forfeited $325,000 to the feds, but Clyde rejected the offer.
Three and a half months later, a judge forced the IRS to return $440,000 and gave Clyde an expedited trial. Still,van cleef arpels fake bracelet, Clyde said he ended up forfeiting $50,000 to get the remaining $450,000 back.
Clyde testified to Congress about the ordeal Wednesday,alhambra replica bracelet van cleef.
"I did not serve three combat terms in Iraq only to come home and be extorted by my government's use of civil forfeiture laws, but that is what I feel they have done to me, and I need you to stop it from happening to anyone else," he said.
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