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Wed Jun 9, 2021, 03:11 PM

FBI opened the safety boxes at a business, Trying to confiscate (steal) the contents found in 369

FBI wants to keep fortune in cash, gold, jewels from Beverly Hills raid. Is it abuse of power?


When FBI agents asked for permission to rip hundreds of safe deposit boxes from the walls of a Beverly Hills business and haul them away, U.S. Magistrate Steve Kim set some strict limits on the raid.

The business, U.S. Private Vaults, had been charged in a sealed indictment with conspiring to sell drugs and launder money. Its customers had not.

So the FBI could seize the boxes themselves, Kim decided, but had to return what was inside to the owners.

“This warrant does not authorize a criminal search or seizure of the contents of the safety deposit boxes,” Kim’s March 17 seizure warrant declared.


Yet the FBI is now trying to confiscate $86 million in cash and millions of dollars more in jewelry and other valuables that agents found in 369 of the boxes.

Prosecutors claim the forfeiture is justified because the unnamed box holders were engaged in criminal activity. They have disclosed no evidence to support the allegation.

Box holders and their lawyers denounced the ploy as a brazen abuse of forfeiture laws, saying prosecutors and the FBI were trampling on the rights of people who thought they’d found a safe place to stash confidential documents, heirlooms, gold, rare coins and cash.

https://www.latimes.com/california/story/2021-06-09/fbi-beverly-hills-safe-deposit-boxes-forfeiture-cash-jewelry

Among those ensnared in the government’s dragnet was Joseph Ruiz, who lost his life savings in the raid: $57,000 in cash. An unemployed food service worker who lives near Crenshaw Boulevard and the 10 Freeway, Ruiz, 47, distrusts banks and sees world affairs as deeply unstable, so he kept his money at U.S. Private Vaults.

He obtained the money in two legal settlements, one for a spinal injury in a car accident and another for chronic housing code violations in his apartment building, Ruiz said.

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Reply FBI opened the safety boxes at a business, Trying to confiscate (steal) the contents found in 369 (Original post)
Demovictory9 Wednesday OP
NQAS Wednesday #1
WhiteTara Wednesday #3
Demovictory9 Wednesday #4
ck4829 Wednesday #2
intheflow Thursday #5
BGBD Thursday #6
fescuerescue Thursday #7

Response to Demovictory9 (Original post)

Wed Jun 9, 2021, 03:43 PM

1. Article behind a paywall

Was this outrage conducted during TFG regime, or was this a Biden administration thing? If the former, no surprise. If the latter, really FBI? This doesn't pass the smell test, and you should know better.

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Response to NQAS (Reply #1)

Wed Jun 9, 2021, 05:41 PM

3. christopher wray is still in charge

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Response to NQAS (Reply #1)

Wed Jun 9, 2021, 06:48 PM

4. you think this type of stuff doesn't happen under both dem and GOP administrations?

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Response to Demovictory9 (Original post)

Wed Jun 9, 2021, 03:51 PM

2. Blatant late stage capitalism - FBI needs a source of funding

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Response to Demovictory9 (Original post)

Thu Jun 10, 2021, 01:52 PM

5. Ruiz doesn't trust banks but does trust a private company?

Obviously not a guy who thinks things through. Private companies can pull up stakes and leave the country with your life savings. Banks can't. I mean, I feel bad that he lost his life savings, but people are sooo ignorant about capitallism!

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Response to intheflow (Reply #5)

Thu Jun 10, 2021, 01:58 PM

6. Yeah. Didn't trust federally protected banks so he puts his money in

the hands of a shady private company.

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Response to intheflow (Reply #5)

Thu Jun 10, 2021, 01:59 PM

7. Apparently he was afraid the government would try to take it

if he kept it in a bank.

What a fool. The FBI would never do such a thing.

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