An Iowa widow is charged with a crime and had nearly $19,000 seized from her bank after depositing her late husband’s legally earned money in a way that evaded federal reporting requirements.
Janet Malone, 68, of Dubuque, is facing civil and criminal proceedings under a law intended to help investigators track large sums of cash tied to criminal activity such as drug trafficking and terrorism. But some members of Congress and libertarian groups have complained that the IRS and federal prosecutors are unfairly using it against ordinary people who deposit lawfully obtained money in increments below $10,000. Continue reading “US Charges Iowa Widow Over How She Deposited Husband’s Cash”