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Tax sale: seized assets; Court auction: items sold to satisfy a court judgment, like storage contents of not-paying tenants; Insolvent companies where the government is the liquidator (e.g. official receiver) Unowned property; Often goods sold at government auctions will be unreserved, meaning that they will be sold to the highest bidder at 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 ...
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.
The General Services Administration, which owns the 2.1-acre property, extends the auction by 24 hours every time there’s a new high bid. Portsmouth McIntyre federal building auction bidding ...
A key deadline for the $464 million civil fraud judgment against Donald Trump and his co-defendants is fast approaching, and it appears it's one he might not be able to meet.
[17] [22] (With a 50 percent penalty for nonpayment, the total of tax and fine was $138.11 ($2,691 in 2023 dollars).) [23] Although the auction was well-attended, the U.S. government was the only bidder and won the property for $26,800 ($506,502 in 2023 dollars) (less than its assessed value of $34,100 ($664,297 in 2023 dollars)).
Kansas law enforcement seized $3.91 million of property in 2023, with approximately $2.38 million forfeited. ... after a federal judge ruled last summer that the state Highway Patrol violated the ...
Equitable sharing refers to a United States program in which the proceeds of liquidated seized assets from asset forfeiture are shared between state and federal law enforcement authorities. The Comprehensive Crime Control Act of 1984 set up the arrangement in which state and local police can share the seizures with federal agents. [1]
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