N.C. Small Business Owner: IRS Seized More Than $100K From Me

A North Carolina store owner is fighting to recover more than $100,000 from the IRS.
The feds reportedly seized Lyndon McLellan’s life savings under a banking law designed to stop drug dealers and money laundering. The IRS accused McLellan of structuring – repeatedly depositing money in increments just under $10,000.
The IRS had said it would no longer target deposits unless the money was involved in a separate illegal activity. McLellan, who owns L&M Convenience Mart in Fairmont, hasn’t been charged with anything, yet he hasn’t gotten his money back.


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