RTIRS seizes hundreds of perfectly legal bank accounts, refuses to give money backRTThe Internal Revenue Service has been seizing bank accounts belonging to small businesses and individuals who regularly made deposits of less than $10,000, but broke no laws. And the government is refusing to return all the money taken. The practice ...Civil Forfeiture Out of […]
Daily MailIRS uses drug trafficking and terror laws to seize bank accounts from ...Daily MailIt's one of the most significant threats to private property in the country.' 'The bottom line is that these harsh civil forfeiture laws were aimed at serious criminals. Nobody expected them to be used against people for depositing their own money in . […]
The Morning Download: Big Banks Scrutinize Cybersecurity at Law FirmsWall Street Journal (blog)“It's a lot more than just checking a box,” said Lorey Hoffman, chief information officer at law firm Goodwin Procter LLP. “I walk through our data centers into the [server] cage with examiners” sent by clients. Mr. Hoffman adds that his firm's ...
CoinDeskNY Law Panel: Bitcoin Won't Get Banking Without ComplianceCoinDeskOn Tuesday morning, the New York Law School hosted the Bitcoin Law conference, drawing entrepreneurs and enthusiasts from the New York City bitcoin community, as well as many of its own aspiring lawyers. The event was moderated and largely ...and more »
A bank had negligently prepared a reference for a casino stating that a prospective player was trustworthy for £1.6m in any one week when his balance had always been nil. The acceptance of forged cheques by the casino had not broken the chain of causation, but it was contributory negligent in failing to make a slightly more careful examination.