Asset Forfeitures and Balancing the Budget

One little known source of revenue to the Federal Government is the ability to forfeit assets used in a crime. Let’s take the current defendant du jour, Jeffrey Epstein, a billionaire, who has been accused of sex trafficking and sexual abuse of minors. He allegedly used his plane to transport underaged women to various properties owned by her for illicit purposes. On that basis, if proven, the plane and the properties where these young women were taken could be forfeited. There are allegations that he paid people not to testify against him, that would open up his vast portfolio for potential forfeiture, if proven. In other words, a billionaire, may lose everything to asset forfeiture. In truth his fortune pays about 3 minutes of interest of U.S. Government debt, but if a few more billionaires are snagged, you could start to get some real money.