Post
Topic
Board Press
[2015-03-07] CCN: Asset Forfeiture as an Attack Against Bitcoin
by
hayek
on 07/03/2015, 16:48:04 UTC
That’s the Asset Forfeiture Bitcoin attack – seize your enemies property and use it against them.

“If the Department is to continue to be effective, it must think strategically. The stakes are high. The national security and lives of Americans are at risk. The government cannot and will not fail in this important endeavor.”- United States Department of Justice Asset Forfeiture Program, Strategic Plan

Since the burden is on you proving your assets are lawful it makes it almost impossible to recover cash from the police. In Philadelphia, over 8,000 forfeiture cases were filed by the city against African American and Hispanic residents. The average take amounted to $550. In Washington D.C., victims of asset forfeitures may be charged up to $2,500 to challenge a police seizure in court.

https://www.cryptocoinsnews.com/asset-forfeiture-next-attack-bitcoin