News Formal

Trucking company owner finally recovers cash seized by police through civil asset forfeiture

  • 📰 axios
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Nearly 3 years ago, police in Arizona seized $39,500 from a Charlotte trucking company owner after accusing him of money laundering. They never filed any charges. Last weekend, he finally got his money back.

Jerry Johnson in the cab of one of his trucks. Photo: Courtesy of the Institute for Justice

A nearly three-year legal saga ended for the owner of a North Carolina trucking company last weekend when he finally got back $39,500 that Phoenix police seized through civil asset forfeiture.Jerry Johnson flew from Charlotte to Phoenix in August 2020 with cash he planned to use at a vehicle auction to buy a third semi for his trucking company.

Phoenix police questioned him at Sky Harbor after finding the money split between his carry-on and checked baggage. They accused Johnson of being part of a money laundering operation and seized his cash after persuading him to sign a form indicating the money wasn't his, saying he'd be arrested if he didn't sign.Under civil asset forfeiture laws, the government can seize property it believes is connected to a crime — even if no one is charged — and the onus is on the property owner to hire an attorney to get it back.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 302. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

hopefully with interest.

With interest, of course…

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

S&P 500 reclaims 4,000 mark, stocks end higher ahead of Fed rate decisionThe S&P 500 on Tuesday posted its highest close since the collapse of Silicon Valley Bank earlier this month, which sent shockwaves through financial markets...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Stocks slide following Fed’s rate hike, Dow sheds more than 500 points: Live updatesStocks tumbled on Wednesday as the Federal Reserve continued hiking rates, while at the same time acknowledging turmoil in the banking sector could slow the already fragile economy. The Dow shed 1.63%. The S&P 500 fell 1.65%. The Nasdaq lost 1.60%. DIDN'T JIM CRAMER JUST SAY DON'T SHORT THE NASDAQ. LMAO HE IS THE BEST INDICATOR IN THE WRONG DIRECTION. jimcramer And also kind of indicated said no pause on rate hikes this year SenWarren POTUS federalreserve WSJ business SquawkCNBC steveliesman Fed chair Powell is the destroyer of wealth keeping interest rates too low, too long. Now he’s running scared. The tougher he talks the weaker he appears. Financial calamity coming. Fire him.
Bron: CNBC - 🏆 12. / 72 Lees verder »