The Nation - News from April 7, 1985

Internal Revenue Service agents seeking information on tax protesters raided suspected “warehouse banks” in seven cities and seized records, documents and gold bullion, IRS spokesman Scott Waffle said. There were no arrests made at a Denver warehouse and offices and homes in Littleton, Colo., Edina and Albany, Minn., Clackamas, Ore., Alexandria, S.D., and Sioux City, Iowa, which are affiliated with the National Commodity Barter Assn., a Denver group headed by federal tax opponent John Grandbouche. Waffle said that warehouse banks claim to provide financial privacy, since they avoid documentation and offer most services except making loans or handling U.S. savings bonds.