Hargis T-raid#000# The offices of Anthony L. Hargis were visited 5-18-93 by Treasury agents. Since 1976, Hargis operated a "bank that isn't a bank," using a Massachusetts Business Trust structure. The theory of operation was that a Trust recording gold Deposits and Transfer Orders was legally different than a Bank with Accounts and Checks. This bluff worked well for 15 years. Anthony's recent involvement with the State Citizens (a new tax protestor approach) may have triggered the raid. Or perhaps ALH was allowed to exist all these years to suck in more IRS victims. Account holders can assume the worst. Customers were not allowed in the door, and the computer records were not encrypted, despite my, and others, frequent suggestions. "Citizens don't need encryption" was the response in a nutshell. Citizens Do. Now, secure physical data links (perhaps using spread-spectrum modulation of radio and microwave) appear necessary for financial privacy. All the nice little tricks with mail drops and trusts may work in the short term, but only strong encryption and signal hiding will insure long term survival. Kent - kent_hastings@qmail2.aero.org. and
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Kent Hastings