Criminal Asset Forfeiture
Discussions center on whether fraudsters and scammers get to keep large sums of stolen or ill-gotten money like $60M or $100M, focusing on asset seizure, civil and criminal forfeiture laws, prison time versus retaining profits, and related legal consequences.
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you don't gtake back just the money that they stole. always you get more to convince others to not try it again. they should try and get as much as possible.
The money is long gone. The people can still go to prison.
He may have served his time for fraud, but that doesn't mean he gets to keep the spoils. So would have the 60M seized, and then possibly arrested on new charges (something like tax evasion or lying to the court etc).
What if the money was stolen? Or obtained in some other illegal way?
Steal $60m, and you just might have to give it back. If you get caught.Sounds like a pretty good deal to me.
You're mixing things up here.Certainly if she is convicted, then they can take her for everything. But she hasn't been convicted yet, she's just been charged. They're not 'rewarding' her for spending stolen money first, because in the case of a conviction they're going to take her everything and throw her in jail to boot.And it's not necessarily true that assets, even monetary ones, are fungible and that you can spend from either pool at whim. My fat
I've always been confused about this: after incrimination for cases like these, do these people get to keep their money?
Look into civil forfeiture laws, cops will seize that amount of money if you have it, and it can be almost impossible to get it back.
They would likely take the money and continue their criminal activity anyway, no?
That's probably covered by criminal forfeiture if the robber is convicted.