Sentences with phrase «criminal asset forfeiture funds»

Not exact matches

Asset forfeiture funds are proceeds of criminal activity seized by police agencies.

Asset forfeiture funds are financial assets recovered after the arrest and prosecution of criminals, such as drug money or the proceeds from auctioning off vehicles and other items confiscated during a criminal or narcotics investigation.

It could be fraudulent and be reversed months or years down the line, it could be funds from a criminal enterprise that will be seized under civil asset forfeiture later, etc..

The Manhattan District Attorney's Office has committed $ 25 million in criminal asset forfeiture proceeds to fund this critical work — an initial investment of $ 15 million over the first three years with an additional $ 10 million to follow.