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Us Private Vaults

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FBI Seizes $40,000 from Couple's Deposit Box, Refuses to Explain or Return Money
legal2 years ago

FBI Seizes $40,000 from Couple's Deposit Box, Refuses to Explain or Return Money

The FBI seized $40,200 in cash from a couple's deposit box during a raid in March 2021, but has not explained why it is still holding their money. The couple has filed a lawsuit with the Institute for Justice, accusing the FBI of violating the Fifth Amendment. The raid on US Private Vaults in Beverly Hills resulted in the seizure of more than $86 million in cash, jewelry, and gold from 1,400 safe-deposit boxes held by hundreds of people who were not suspected of any crimes. The FBI sent forfeiture notices to hundreds of box holders, including the couple, telling them that the government wanted to take their property forever, even though they were not named in the indictment against the company.

FBI refuses to return couple's $40k seized from deposit box.
legal2 years ago

FBI refuses to return couple's $40k seized from deposit box.

The FBI seized $40,200 in savings from a couple's deposit box during a raid in March 2021, but has not explained why it is still holding their money. The couple has filed a lawsuit with the Institute for Justice, accusing the FBI of violating the Fifth Amendment. The raid on US Private Vaults resulted in the seizure of over $86 million in cash, jewelry, and gold from 1,400 safe-deposit boxes held by hundreds of people who were not suspected of any crimes. US Private Vaults pleaded guilty to conspiracy to launder drug money, and the FBI declined to comment on the matter.