Status: Not Logged In; Sign In

See other Business/Finance Articles

Title: FBI Agents Steal $86 Million Dollars from 800 Random People In Private Vault Heist
Source: [None]
URL Source: ... people-in-private-vault-heist/
Published: Sep 21, 2021
Author: Eric Striker
Post Date: 2021-09-21 09:42:28 by Ada
Keywords: None
Views: 62
Comments: 5

The FBI is facing yet another controversy over what court documents is the theft of the life’s savings of 800 random people at the U.S. Private Vaults safety deposit box storage in Beverly Hills .

Federal agents raided U.S. Private Vaults and asserted in court last February that the business was a front for laundered drug money. Six months later, nobody has been charged and the US Attorney prosecuting the case has not provided any updates.

Around $86 million dollars in cash plus large amounts of jewels and precious metals were taken in this safety deposit box raid under the federal government’s asset forfeiture program. Court documents in a lawsuit over the seizure have revealed that FBI agents falsely accused most of the people of having obtained their money illegally, which they have since proven to be from legitimate sources.

The only evidence the FBI and federal prosecutors have provided to justify what is for all intents and purposes a robbery and warrantless seizure is that a drug sniffing dog smelled marijuana while walking through the rows of the business. They further allege that a couple of deposit box holders once applied for a legal marijuana license and were rejected. The government is also claiming that the money they took was bundled with rubber bands, which they assert in court is only something criminals do.

One individual has admitted to having obtained the money illegally so far.

While selling marijuana is legal in California, it is still against the law federally. For this reason, many marijuana vendors use safety deposit boxes to store their cash rather than formal banks subject to federal law.

In theory, federal agents with ulterior motives could invoke this legal loophole to steal money from state licensed pot sellers — a business that generates billions — but so far, they have provided no credible evidence suggesting most of the U.S. Private Vault customers they took money and valuables from were even in the marijuana business. The owners of U.S. Private Vaults have not been charged either.

To add insult to injury, the Department of Justice and FBI are claiming in court that they have already deposited the money and cannot distinguish between what they claim is criminally obtained money and what are the honest savings of private citizens.

The federal government’s Civil Asset Forfeiture program has for decades been criticized for being unconstitutional. Under the system, a person who is not arrested or even convicted — as is the case in the U.S. Private Vaults debacle — can have their money and property taken from them simply because a federal agent alleges that it may have been used in a crime.

Lawyers rpresenting victims have suggested that the FBI’s real motive for the massive cash grab is likely a pressing need to fund some of its “off the record” operations, which includes its sprawling and growing network of political and criminal informants. The FBI has developed an elaborate financial scheme that pays Confidential Informants out of its asset forfeiture program, which is meant to make the money difficult to trace.

Post Comment   Private Reply   Ignore Thread  

TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Ada (#0)

So what! That is no worse than what North Korea does and Biden is pleading to have détente with Kim Jong-Un.

DWornock  posted on  2021-09-21   11:34:37 ET  Reply   Trace   Private Reply  

#2. To: DWornock (#1)

So what! That is no worse than what North Korea does and Biden is pleading to have détente with Kim Jong-Un.

So I guess it's OK as long as we don't stoop below what the North Koreans are doing......

"The government ruling us draws its authority not from the principles of the Declaration of Independence, or even from the delegate powers listed in the U.S. Constitution, but rather from the war to re-conquer the independent South. That conflict, usually referred to by the artfully misleading title “Civil War,” established the fact that the government in Washington is willing to kill Americans in whatever quantity it deems necessary in order to enforce its edicts, and then sanctify the slaughter in the name of some suitably “progressive” social objective.

Rube Goldberg  posted on  2021-09-22   7:57:30 ET  Reply   Trace   Private Reply  

#3. To: DWornock (#1)

Biden is pleading to have détente with Kim Jong-Un.


Trump ended the Korean war. When Kim stepped across the DMZ and embrace the peacenik Moon, that was the final show.

Abe of Japan nominated Trump for the Nobel Peace Prize for ending that war. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2021-09-22   8:03:50 ET  Reply   Trace   Private Reply  

#4. To: Ada (#0)

In a just society the money would of all been returned, the company compensated , and every dirty agent charged...


We live in a gilded cage tyranny that sometimes carries a crushing hand. .. yeah good access to food water amd electricoty is great until goveenment goons steal your shit amd k8ll your children.

Fuck this dirty system


Suspect all media / resist bad propaganda/Learn NLP everyday everyway ;) If you don't control your mind someone else will.

titorite  posted on  2021-09-22   11:04:38 ET  Reply   Trace   Private Reply  

#5. To: titorite (#4)

Great points, thanks.

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2021-09-22   11:09:05 ET  Reply   Trace   Private Reply  

TopPage UpFull ThreadPage DownBottom/Latest