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Government PoliciesNews

IRS Seized $107k from a Small Business Owner

Will this presidential election be the most important in American history?

Looks like unjust civil asset forfeiture laws have claimed another victim. But this time, after more than a year of financial struggle, he’s not giving up.

Fox News reports:

The owner of a rural North Carolina convenience store is fighting back after the IRS seized his bank account of more than $107,000 under civil forfeiture laws targeting drug lords and terrorists.

Fox 8 reports Lyndon McLellan has been accused of structuring cash deposits to avoid bank reporting requirements. He takes in lots of cash running the L&M Convenience Mart in Fairmont, N.C. The mart includes a gas station and a lunch counter. The IRS has not accused him of any crime.

To add insult to injury, the ball is in McLellan’s court to prove his money was earned legally.
So much for the judicial principle of “innocent until proven guilty….”

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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