A Mississippi trucker is reportedly fighting to get his life savings back after police seized it during a traffic stop. In September of 2020, Rae Young Chung was in his truck delivering auto parts to a business in Georgia when he was pulled over by a narcotics officer. According to court documents, Chung was pulled […]
The post Police Seize $225,000 From 70-Year-Old Man Despite No Crime Committed, Triggering Years-Long Lawsuit: Report appeared first on The Daily Hodl.
A small business run by a husband-and-wife duo is reportedly out $43,000 after police decided to seize a cash transfer sent to them through FedEx. Henry and Minh Cheng, who run a small jewelry business, are suing the state of Indiana after police showed up at a FedEx depot and seized a package sent to […]
The post Police Take $43,000 Cash From Jewelry Business Under Controversial Law Allowing Warrantless Money Seizures: Report appeared first on The Daily Hodl.
JPMorgan Chase is preparing for the prospect that its assets in Russia will officially be seized, according to a new report. In a new filing, the bank says lawsuits in Russian and US courts may trigger an incoming seizure of the firm’s assets in the country, reports Reuters. Two weeks ago, a Russian court sided […]
The post JPMorgan Chase Warns Bank’s Assets May Be Seized in Russia After $1,460,000,000 Write-Off: Report appeared first on The Daily Hodl.
Members of the Council of the European Union have agreed on sweeping new measures for the freezing and confiscation of so-called “unexplained assets.” The Council has signed off on a proposal that was submitted late last year to change its policies on wealth confiscation since the existing framework “needed to be updated.” As stated by […]
The post New Measures for Wealth Confiscation, Property Seizure and Freezing of ‘Unexplained’ Assets Passes European Council appeared first on The Daily Hodl.
The US government won’t specify why it abruptly seized more than $100 million from people’s safety deposit boxes in California, according to a new lawsuit. The nonprofit Institute for Justice says it’s seeking to halt forfeiture proceedings for a group of citizens who’ve had their assets confiscated by the FBI with little to no explanation. […]
The post US Government Sued for Allegedly Seizing $100,000,000 in Cash, Gold and Jewelry From Citizens Without Explanation appeared first on The Daily Hodl.
The Supreme Court has sided with a 94 year-old woman who accused the government of violating the constitution by forcibly selling her property and keeping the profit. Geraldine Tyler took her dispute with a county in Minnesota to the high court after the local government kept a $25,000 profit from selling her condo in a […]
The post Homeowner Who Accused Government of Seizing Her Home And Stealing the Profit Wins Supreme Court Case appeared first on The Daily Hodl.
Authorities in South Korea have reportedly seized assets worth billions of won belonging to former representatives of Terraform Labs. The measure should prevent suspects in the case with the failed blockchain firm from selling property that may have been obtained with criminal proceeds. South Korean Law Enforcement Moves to Seize Terraform-Linked Real Estate, Report Prosecutors […]
British police have carried out U.K.’s largest crypto seizure to date. Detectives working on a money laundering case found a staggering £114 million worth of cryptocurrency in a suspect’s account. Scotland Yard vowed to continue the investigation. UK Makes One of World’s Largest Crypto Seizures Acting on intelligence about the transfer of criminal funds, specialist […]