When you are charged with a federal white collar crime, your assets may be at risk. The government can seize property it believes is connected to criminal conduct. Business owners, healthcare professionals and executives in Minnesota may find themselves fighting to protect their finances while facing serious charges.
Federal forfeiture laws are complex. Understanding your rights is key to protecting your freedom and reputation. Below are some important points to keep in mind.
What assets can the government seize?
Federal agencies can target a wide range of property. Common examples include:
- Bank accounts
- Investment portfolios
- Real estate
- Business interests
- Vehicles, artwork and other high-value assets
The government does not need a conviction to begin civil forfeiture proceedings. Assets may be frozen during an investigation based on probable cause.
The risks of asset seizure for white collar defendants
Asset seizures can cause major harm even before trial. If business funds are frozen, companies may struggle to pay employees or creditors. Individuals may find it difficult to meet financial obligations. Asset forfeiture can also damage reputations, particularly for doctors, politicians and other public figures.
Challenging asset seizures in white collar cases
Federal asset seizures may be contested through several legal arguments. Challenges may involve disputing whether probable cause existed for the forfeiture. Asset seizures may also be examined under constitutional protections against excessive fines.
The legal process for asset forfeiture is complex and varies depending on the circumstances of the case. If you are under investigation or have been charged, seeking legal guidance will ensure you have the strongest possible defense strategy.