One of the more interesting developments I discovered during the holiday period was a proposal from the Barbadian Chief Justice Minister, Sir Marston Gibson, to set up a regional asset recovery group in the Caribbean.
Entries in Asset Forfeiture (8)
A daily news show on CCTV America dealt Tuesday with the DOJ's civil and criminal asset forfeiture cases.
The U.S. Marshals Service is auctioning 150 belt buckles awarded for top finishes in horse shows that belonged to Rita Crundwell, the former comptroller of Dixon, Illinois who stole $53 million from the city over two decades.
The Department of Justice returned $1.1 million in forfeited assets to the government of the Republic of Korea Monday.
On October 26, 2009 I sat in the N’Djamena airport in Chad looking over my notes from a field visit I took to study the development effects of the oil pipeline in Southern Chad. A gentleman, also a foreigner to Chad who was on my flight to Paris, struck up a conversation with me.
Civil asset recovery actions against kleptocrats stashing their loot in luxury real estate abroad has become a hot new topic in the global anti-corruption movements with the publication of Public Wrongs, Private Actions. This handy guide empowers developing nations with realistic tools to hunt down the stolen assets secreted abroad. Civil lawsuits, unlike criminal cases, do not normally require dual criminality and are therefore often the best and only possible remedy.
Civil, as opposed to criminal, asset forfeiture cases are the subject of heated debates in domestic U.S. law. Many civil libertarians and thoughtful observers of the U.S. legal system raise serious due process concerns when assets are taken without a prior criminal conviction. Civil cases are governed by lower procedural protections than criminal convictions that require proof beyond a reasonable doubt.
U.S. Attorney General Eric Holder spoke at the Ukraine Forum on Asset Recovery on Tuesday in London, unveiling a new Kleptocracy squad within the FBI that will investigate and prosecute corruption cases in Ukraine and around the world.