Forfeiture on the Rise: Government Grabs Skyscrapers

, New York Law Journal


In his Corporate Crime column, William F. Johnson of Fried, Frank, Harris, Shriver & Jacobson writes: Recovery of a 36-story Fifth Avenue skyscraper is just one example of a slew of recent high-dollar forfeitures. Counsel should be aware of this trend, and become familiar with the most "sweeping and powerful" of the federal civil forfeiture statutes involving money laundering, 18 U.S.C. §981(a)(1)(A).

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