Part II of Grant Hall’s interview with Sue Brady is posted below. Hall’s new e-book, Bank Secrecy: Financial Privacy Crisis Plan and Resource Guide will be available for purchase soon. Look for the book at www.PrivacyCrisis.com.
S.B. One man’s finances were raided in England by mistake when he was believed to be a deadbeat dad. Dental and medical patients’ money was stolen by i.d. thieves. A corporation’s assets were stolen by the government in 2007 and the case has not gone to trial as of August, 2010. These cases are documented in the book with references. Grant, it appears money and financial privacy are necessary as an insurance policy to avoid the possibility of going broke through a seizure or a theft. Could these thefts and seizures by government and other criminals have been avoided through the practices outlined in the book?
G.H. Government seizures typically go up during economic downturns. Don’t quote me on that, but I read it somewhere though I cannot recall the source. Also, medical identity theft is on the upswing at an average loss to the consumer at $20,000 per offense. Deadbeat dads get no sympathy from me, but those fingered wrongly by government agencies number too many. Money and property privacy as outlined in the book could have prevented all of the losses I have cited based on the information available to be in the sources. A self insurance plan to preserve self and property naturally costs more, but is well worth the avoidance of the pain and financial ruin some or all of these people suffered.
S.B. How do you conceal money today and bank secretly?
G.H. The book’s contents provide bank secrecy options. Business managers and individuals alike can cash their checks while providing minimal privacy-invasive information to the institutions that deposit the presented check into their corporate account and hand the cash over to the person or manager on the spot for a fee that is typically under 2%. Naturally, that fee seems high to the inexperienced and uninformed. Business people and households ensure against a catastrophe when they cash their checks and store their own cash and deposit excess money into an entity account that cannot legally be seized.
S.B. Do you mean storing cash in a safe deposit box, Grant?
G.H. Anonymous safe deposit boxes may be opened at two private companies as per my research and personal experience, and these resources are provided. There is a company in the U.S. and another in Europe that provides high-level privacy for safe deposit boxes.
S.B. What about a bank safe deposit box?
G.H. Use a separate entity to hold the safe deposit box at a bank. The key is to make the entity private. I have explained how in Bank Secrecy. Also, safes are used by individuals and businesses that are on their premises. These merit caution and require secrecy for safety reasons.
The remainder of the interview will be posted on this blog at a later time.
Thanks for reading.
James Clark King, LLC