Back up CAfA - Harm 2...

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Harm 2 If you are an innocent business owner you don’t want to be on the target end of one of these seizures. In New York recently, James Lieto was a customer of an armored car company that unknown to him was under a fraud investigation. When the government suddenly seized 19 million in assets from its vaults, it included Mr. Lieto’s $392,000. This is a nightmare scenario for a small business owner like Lieto. Put in an illiquid situation, he has to pay lawyers to litigate his money back. Without any evidence of his committing a crime, the government sits on Mr. Lieto’s money until he proves his innocence in the slow
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  • Spring '18
  • Kaitlyn Laczko
  • James Lieto

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