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Tag: treasury asset forfeiture fund

Feds Hand Out Seized Money to Local Law Enforcement

By Danny Fenster
ticklethewire.com

It was more than just a stocking stuffer. Federal agents gave more than $1.2 million in confiscated drug money to five police agencies in the San Francisco Bay Area on Thursday, reports the San Jose Mercury News.

The money came from a former medical marijuana dispensary in the area. DEA and IRS agents announced the holiday gift from the US Department of Treasury Asset Forfeiture Fund from a federal building in Oakland, Calif.

“This is a true holiday gift,” said Hayward Police Chief Diane Urban, according to the paper. Her department received the largest payment, nearly $475,000.

“The assets forfeiture program is one of the federal government’s most effective tools against drug trafficking, money laundering and organized crime,” said Scott O’Briant, IRS-Criminal Investigations Special Agent in Charge, according to the paper. “The program disrupts and dismantles criminal enterprises by seizing their assets” and then distributes those resources to local law enforcement to help fight crime.

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