Asset Forfeiture Attorney in Richmond
Asset forfeiture occurs when the state decides to confiscate certain assets during a criminal investigation. Criminal asset forfeiture is normally carried out in a sentence after an individual has been convicted of a particular crime. The FBI uses asset forfeiture to collect property that was connected with criminal activity. According to the FBI website, asset forfeiture takes the profit out of crime. When individuals cannot benefit from the fruit of their illegal labors, it will discourage others from following in their footsteps.
Asset Forfeiture and White Collar Crimes
White collar crimes, such as embezzlement, money laundering, tax evasion and other deceptive actions are frequently penalized with asset forfeiture. The state may decide to collect items purchased with illegal money in order to make sure that the individual who committed the crime is not rewarded for his misbehavior.
Forfeiture of Items Used in Criminal Activities
Law enforcement also reserves the right to seize property and items that were used to generate an illegal business. They can take the tools and equipment used for an illegal operation (such as a drug manufacturing operation) and seize the cash flow, profit and product itself. Oftentimes, asset forfeiture is used in drug busts, where the law enforcement collect all of the illegal narcotics, all equipment and ingredients used to make the narcotics and any cash that was acquired as a result of the illegal activity.
The Two Types of Forfeiture
There are two types of asset forfeiture that you may encounter in legal situations: civil forfeiture and criminal forfeiture. Criminal actions are against a person. In civil forfeitures, the action is against the property.
Let Vaughan C. Jones, Attorney at Law Help You Fight Forfeiture
If you have been charged with a crime and are now facing criminal asset forfeiture as part of your sentence, Attorney Vaughan C. Jones can help. He will challenge the forfeiture proceedings and do what he can to help you protect your property. Call today to set up a free initial case evaluation with this skilled lawyer. He understands that time is of the essence, which is why there is someone standing by to take your call 24/7.
Call immediately to get started: (804) 207-5735!
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