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In the article, the victims were forced to sell assets, including a house, almost certainly at a loss, to satisfy the FBI's demands. Two years later, the money
by klyrs 5y ago
In the article, the victims were forced to sell assets, including a house, almost certainly at a loss, to satisfy the FBI's demands. Two years later, the money is returned. Do they get interest on that money? Did the money appreciate as quickly as the house would in Seattle's housing bubble?
As far as I can tell, frozen bank accounts continue to accrue interest at their normal rate. The relative impacts are very different.
- kodah 5y agoCivil Forfeiture can cover anything including a house. That's one of the very legitimate criticisms of it. In this story, money was taken and they had to sell their house to cover legal and living expenses. If you freeze assets the same thing can, and commonly does, happen. Civil Forfeiture is definitely awful, but so is freezing someones assets is my point.