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Asset forfeiture or asset seizure is a form of confiscation of assets by the authorities. In the United States, it is a type of criminal-justice financial obligation . It typically applies to the alleged proceeds or instruments of crime.
After police and authorities have possession of cash or other seized property, there are two ways in which the seized assets become permanently theirs: first, if a prosecutor can prove that seized assets were connected to criminal activity in a courtroom, or second, if nobody tries to claim the seized assets. [42] What happens in many instances ...
But whether it's $1,295,274 or $250, the rules are the same for how illegal drug money can be seized and used. The state's drug forfeiture law - Forfeiture under the Controlled Substances Act ...
Virtually all the assets seized by Kansas law enforcement are forfeited. While 80% of owners in the database are still legally innocent, the state has permanently taken approximately 90% of the ...
In civil forfeiture, assets are seized by police based on a suspicion of wrongdoing, and without having to charge a person with specific wrongdoing, with the case being between police and the thing itself, sometimes referred to by the Latin term in rem, meaning "against the property"; the property itself is the defendant and no criminal charge ...
Over the past four years, Kansas law enforcement seized $23.1 million in cash and property allegedly linked to criminal activity. Most of the time, owners never tried to take it back.
Operation In Our Sites is an ongoing effort by the U.S. government's National Intellectual Property Rights Coordination Center to detect and hinder intellectual property violations on the Internet. Pursuant to this operation, governmental agencies arrest suspects affiliated with the targeted websites and seize their assets including websites ...
The federal government just got the greenlight to sell $6.5 billion in Bitcoin seized from Silk Road ... of Bitcoins acquired as part of the government’s largest-ever seizure of crypto assets.