04/10/2020 by On behalf of Law Office of Michael S. Rothman | Aug 4, 2015 | Cyber Crime, Fraud, Identity Theft, Internet Law, White Collar Crimes |
A LOOK AT ASSET FORFEITURE AND WHITE COLLAR CRIME
If you’ve been accused of a white collar crime in Rockville, your lawyer may warn you that the government may seize your valuable assets.
The government routinely seizes the assets of individuals convicted of narcotics trafficking and illegal arms trafficking, along with those convicted of a white collar crime such as securities fraud. These assets are then put up for sale at public auctions. The proceeds are distributed to the victims of the crimes and to law enforcement agencies.
You can learn more about asset forfeiture by watching this video or consulting your lawyer. This news clip from CNN highlights some of the assets the government has seized, such as jewelry, sculptures, yachts, and mansions.