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If someone sold drugs for rare artwork, would the government keep the artwork? Would they sell it? What if during trial a museum burns down and now this is the
by bhawks 5y ago
If someone sold drugs for rare artwork, would the government keep the artwork? Would they sell it? What if during trial a museum burns down and now this is the last painting buy the artist and the value skyrockets. Should the government let the person get a portion of that value?
If someone sold drugs for cash, and used the cash to buy a lottery ticket - should the government demand the cash or the ticket? What if the ticket ends up winning?
If someone sold drugs in addition to a legal business and invests all the profits into the SP500 should the government take the entire stock portfolio? A percentage equal to the amount of dirty money put in?
What if the person appeals and wins after the asset has been liquidated? How do you make that person whole again? Do you?
I can't believe this problem hasn't been figured out before crypto. Tbh it probably has, but because it's Bitcoin we will write an article about it.
- bhawks 5y agoAh yes there is actually: https://www.justice.gov/criminal-afmls/file/839521/download?ved=2ahUKEwjqmPq_7sjyAhVyHjQIHW0oB54QFnoECCcQAQ&usg=AOvVaw26jvTgn3R27n7Qi9v8ZTgw https://www.justice.gov/criminal-afmls/file/839521/download?... It covers crypto, real estate, stocks, and a bunch of other things explicitly.
- crazysim 5y agoPage 29 is the relevant page to this situation.
- Grustaf 5y ago> If someone sold drugs in addition to a legal business and invests all the profits into the SP500 should the government take the entire stock portfolio? Why would the seize the entire portfolio?
- dwild 5y agoWho knows? All the legal business profit may have been lost on short over Gamestop?