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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.
Although there are accessible statistics of seizures at the federal level, it often happens that the totals of forfeitures from both criminals and innocent owners are combined; for example, one report was that in 2010, government seized $2.5 billion in assets from criminals and innocent owners by forfeiture methods, [15] and the totals of ...
Confiscation (from the Latin confiscatio "to consign to the fiscus, i.e. transfer to the treasury") is a legal form of seizure by a government or other public authority. The word is also used, popularly, of spoliation under legal forms, or of any seizure of property as punishment or in enforcement of the law. [1]
The recommendations also include requiring a judge to review seizures early in the forfeiture process and, in some instances, mandate law enforcement agencies pay the attorney’s fees of property ...
New Mexico, for example, passed laws to end civil forfeiture, redirect all criminal forfeiture proceeds to the state’s general fund and place restrictions on the federal forfeiture equitable ...
Appropriation in sociology is, according to James J. Sosnoski, "the assimilation of concepts into a governing framework...[the] arrogation, confiscation, [or] seizure of concepts." According to Tracy B Strong it contains the Latin root proprius , which, "carries the connotations not only of property , but also of proper, stable , assured and ...
Civil asset forfeiture has long been a controversial program that critics argue infringes on people's constitutional rights against unlawful search and seizure.
Forfeiture is broadly defined as the loss of property for failing to obey the law, and that property is generally lost to the state. A person may have a vested interest in property to be forfeit in two ways: In personum jurisdiction and in rem jurisdiction .