(Funds Forfeited and Held by Government Agencies in the US in 2014) "Total financing sources realized by the Fund in FY 2014 were $3,777.3 million, an increase of $1,766.0 million compared to $2,011.3 million realized in FY 2013. This is the ninth year since inception of the Fund that it has exceeded $1 billion in deposits. In FY 2014 there were eight large fraud cases which yielded $3,502.9 million in forfeitures. Specifically, the Toyota and Bernard Madoff cases resulted in $2,900 million.
(Justice Department Policy On Use Of Administrative Forfeiture Rather Than Judicial Forfeiture) "Before 1990, virtually all forfeitures of properties valued at more than $100,000 were conducted judicially. In 1990, however, the law was amended to permit the administrative forfeiture of cash and monetary instruments, without regard to value, and of other property up to a value of $500,000. See 19 U.S.C. § 1607.
(Police Profit-Seeking) "In general, however, the powerful incentives for profit-seeking found within forfeiture current laws is criticized as encouraging inappropriate enforcement activities and detracting from the proper role of law enforcement within a democratic state. The dependency of the police on public resources for their operations is an important check on police power. Self-generating revenues by the police through forfeiture potentially threatens the ability of popularly elected officials to constrain police activities.
(Police Profiteering) "In sum, the present study found that law enforcement agencies in jurisdictions with more restrictive or less rewarding state forfeiture laws receive greater forfeiture proceeds through federal equitable sharing. These results provide compelling evidence that law enforcement agencies consider the legal burdens and financial rewards of their own state law compared to those under federal equitable sharing in determining how to process asset seizures.
('Equitable Sharing') "In 1984, Congress passed the Comprehensive Forfeiture Act, which vastly expanded the federal government’s forfeiture powers.169 The Act also created 'equitable sharing,' a process by which federal agencies 'adopt' forfeiture cases from state law enforcement agencies.170 Equitable sharing is used when federal forfeiture is more favorable to state and local police, which usually occurs when state law mandates that law enforcement keep a smaller amount than that available under equitable sharing.171 Perhaps of mor
(Law Enforcement Use of Waivers and Contracts to Avoid Courts for Forfeitures) "In a growing and disturbing trend among state and local police, some law enforcement agencies now use contracts and waivers to obtain property, a practice that permits them to avoid forfeiture proceedings altogether. Generally, owners waive any interest in their property in exchange for the agency’s promise not to pursue criminal charges.
("Reverse Stings") "The advent of a now common police tactic, called the “reverse sting,” illustrates the shift in priorities from crime control to funding raids.107 In a reverse sting, an officer attempts to sell drugs to an unsuspecting buyer.108 The method permits the police to seize the buyer’s cash rather than a seller’s drugs, which have no value to the agency.109"