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> Are the government typically allowed to seize and sell your assets and possibly redistribute the proceeds before you’ve even been to court? Yes, asset seizur
by edmundsauto 3y ago
> Are the government typically allowed to seize and sell your assets and possibly redistribute the proceeds before you’ve even been to court?
Yes, asset seizure is the norm for law enforcement in America.
> What if he needed those funds for his legal defence?
The money is in a limbo state, as it might be proceeds from crimes. The justice system doesn't want you using proceeds from crimes in any way, shape or form.
- JumpCrisscross 3y ago> asset seizure is the norm for law enforcement in America Freeze and seizure, sure. Pre-trial disposal, no. In this case, the headline is being loose in that these aren't Bankman-Fried the natural person's shares, they're a bankrupt entity's. Selling a bankrupt entity's stuff is par for the course.
- edmundsauto 3y agoIs that true when the entity itself is fraudulent? At what point can we separate SBF & Co's fraud from the company itself?