Why The Money In You’re Bank Account Is Not As Safe As You May Think

Banks are supposed to be the epitome of secure. You can put your money in their vaults, and forget about it. Don’t worry everything will be fine. And even if the bank goes under, the federal government insures deposits of up to $250,000.

But that won’t help if the government is the thief. The United States government can freeze your bank accounts for basically no reason, without due process. Then it is up to you to prove your innocence.

One reason might be that you have a name similar to an alleged terrorist on the list maintained by the U.S. government. The list is comprised of people suspected of involvement in financing terrorism but has remarkably little identifying information, sometimes only a name.

So if you happen to have the same name, or something close, the systems banks use will sometimes put up a false positive. Then you will have to prove your innocence to have your confiscated property returned.

…continue reading



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