News & Analysis as of

Money Laundering Asset Seizure

Orrick, Herrington & Sutcliffe LLP

INTERPOL seizes $300 million in international financial crime operation

On December 19, INTERPOL announced the conclusion of a transcontinental police operation against online financial crime called HAECHI IV. The operation ended with around 3,500 arrests and seizures of $300 million USD worth of...more

Fox Rothschild LLP

Show Me The Money

Fox Rothschild LLP on

For years, tension has existed between federal and state criminal prosecutors over forfeitures. Criminal forfeitures result from the seizure (and, if necessary, the sale) of contraband such as cash from illegal activities or...more

Husch Blackwell LLP

The Justice Insiders: Largest Bitcoin Seizure in DOJ History – Crypto Can Be Traced!

Husch Blackwell LLP on

Husch Blackwell's Gregg Sofer is joined by Partners Tim Garrison and Scott Glabe to discuss the largest-ever government financial seizure of more than $3.6 billion in cryptocurrency. This fascinating case demonstrates the...more

ArentFox Schiff

Investigations Newsletter: Millennial Couple Faces Twenty Years in Prison for Largest DOJ Bitcoin Seizure in History

ArentFox Schiff on

Millennial Couple Faces Twenty Years in Prison for Largest DOJ Bitcoin Seizure in History - On February 7, 2022, authorities arrested a husband and wife in their 30s, Ilya Lichtenstein and Heather Morgan, accused of...more

Ballard Spahr LLP

U.K. Court Strikes Down “Unexplained Wealth Orders” By Parsing Facts and Making Value Judgments About Meaning of Corporate...

Ballard Spahr LLP on

A Court Ruling that May Resonate Across the Globe - The High Court in London recently struck down three “Unexplained Wealth Orders” that U.K. law enforcement had hoped would foil an alleged money laundering scheme by...more

Health Care Compliance Association (HCCA)

Telemedicine company owner pleads guilty

Compliance Today (November 2019) - On September 6, 2019, the US Department of Justice announced in a press release, “The owner and chief executive officer (CEO) of a telemedicine company pleaded guilty today for his role...more

Ballard Spahr LLP

Proposed Kleptocracy Asset Recovery Rewards Act Adds Whistleblower Incentives and Protections

Ballard Spahr LLP on

Proposed Legislation Creates Rewards Program for Whistleblowers of Foreign Government Corruption - Third Post in a Three-Post Series - Newly proposed legislation, if passed, will authorize a whistleblower program for...more

Bricker Graydon LLP

Personal liability trend continues: Health care CEO gets jail time for fraud scheme

Bricker Graydon LLP on

The Department of Justice (DOJ) recently announced that the CEO of Indiana-based American Senior Communities (ASC) was sentenced to over 9 years in federal prison for his involvement in a “massive fraud, kickback, and money...more

Ballard Spahr LLP

Lessons in Civil Forfeiture and Attachment: U.S. May Seize 650 Fifth Avenue

Ballard Spahr LLP on

On June 29, dual trial verdicts in the Southern District of New York paved the way for the government to seize 650 Fifth Avenue, a 36-story building in Manhattan valued at up to $1 billion (“the Property”). The defendants,...more

Ballard Spahr LLP

Civil Forfeiture Under Fire – Part II

Ballard Spahr LLP on

In this post, we consider the Department of Justice’s (DOJ) Office of the Inspector General report (OIG Report), released on March 29, 2017, evaluating the DOJ’s oversight of its cash seizure and forfeiture operations. This...more

Ballard Spahr LLP

2016 Year in Review: Forfeiture

Ballard Spahr LLP on

The field of forfeiture saw significant action in 2016. The IRS offered to return forfeited funds used in structuring, but Congress still may clip its ability to forfeit such funds. Meanwhile, DOJ renewed a controversial...more

Cooley LLP

Blog: The new Criminal Finances Bill setting out new anti-money laundering powers has had its first reading

Cooley LLP on

On 13 October 2016 the Criminal Finances Bill (the “Bill”) had its first reading in the House of Commons. In addition to introducing Unexplained Wealth Orders (described in our blog below), the Bill sets out a number of new...more

WilmerHale

New confiscation recommendations: a price worth paying?

WilmerHale on

On 15 July 2016, the Home Affairs Committee published a report on the Proceeds of Crime. The report identifies a number of systemic problems with the current confiscation order system and makes several recommendations...more

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