Conversely, do you realize this sort of things shouldn't be really happening in what claims to be the most advanced and civilized country on this planet? I'm not hearing of this crap happening in central Europe for instance. You can expect these things from some forgotten African country, but not really from one of the so called first-world countries.
Really, those government agents should have had access to sufficient information to determine if those 160000 dollars had a legitimate origin and a legitimate objective. Where's the due process please? For many people this sum could represent several years of savings. The government can't just take it for no reason.
Perhaps this poor black guy should consider emigration from the US. He could move to Europe. I'm sure if he was ready to launch a startup he should be able to land a good job there, then get rid of the US passport a few years later.