That is a misreading of the story. This story outlines a method that allows law enforcement to confiscate money stored on pre-paid credit cards in a similar fas

That is a misreading of the story. This story outlines a method that allows law enforcement to confiscate money stored on pre-paid credit cards in a similar fashion to how they've previously confiscated cash. It says nothing at all about judicial oversite. There are, in fact, well established and relatively simple procedures for contesting civil forfeiture. There is a fair argument to be made that they sometimes don't work as well as they should but when you say that there is "NO judicial oversight" at all you are just just flat out wrong. You need to update your worldview if you want it to conform to reality.