Legal Blog

The Asset Forfeiture Boogie Monster

By definition, “asset forfeiture or asset seizure is a form of confiscation of assets by the state. It typically applies to the alleged proceeds or instruments of crime. This applies, but is not limited, to terrorist activities, drug related crimes, and other criminal and even civil offenses.” In recent months, stories of poker players having their bankrolls seized has made headlines; as such, PokerNews legal contributor offers his take on asset forfeiture.

Alongside high-stakes casino bettors – the increasingly-scarce innocent members of this oft-crooked fraternity – may be found the likes of drug dealers, hit men, underworld gaming operators, and other organized crime figures in search of a proverbial load of Tide for their legal tender.

Guilt by association, a genuinely un-American concept, tragically tends to take hold at some point, and so there is an ever-evolving list of absurdities involving legal card players and their rendezvous with federal and state asset forfeiture laws – statutes meant to deprive individuals of illicit spoils. Some of these tales have taken on epic embellishments, as seemingly only those shared by amateur fisherman and professional poker players can. Others are starkly accurate, but through these accounts, genuine and exaggerated, has emerged an ever-concerning misapprehension of an otherwise scarcely considered area of law.

Click here to read more on pokernews.com

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Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 120 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our eight offices serve individual and corporate clients in the Maryland, Delaware, New Jersey, and Northern Virginia markets, as well as the Washington DC, Baltimore, Philadelphia, and New York City metropolitan areas. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.

You can connect with Offit Kurman via our BlogFacebookTwitterGoogle+YouTube, and LinkedIn pages.  You can also sign up to receive Law Matters, Offit Kurman’s monthly newsletter covering a diverse selection of legal and corporate thought leadership content.

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