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Sammis Law Firm
Sammis Law Firm
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Seizures of Tron Wallets for Forfeiture One crypto network growing quickly is Tron, known for its faster transaction times, low fees, and stability. Tron is registered in the British Virgin Islands. The most dominant cryptocurrency on the Tron network is Tether, the third-largest cryptocurrency token. As the largest stablecoin, Tether strives for a 1:1 peg […]
Seizures of Cryptocurrency by FBI for Forfeiture Various units at the FBI are freezing and then seizing cryptocurrencies for a wide range of crimes, including crypto-investment fraudulent schemes such as money laundering. Those units include FBI’s Virtual Assets Unit. The goal of these seizures is to financially strangle illicit networks. Unfortunately, innocent cryptocurrency owners are […]
What if Florida’s Attorney General wanted to create its own cryptocurrency “strategic reserve”? It could train law enforcement officers across the state to look for scams involving cryptocurrency. Those scams include overseas fraudsters calling Florida residents to convince them to put cash into a virtual currency kiosk through fraud. Many of those scams target the […]
Problems with Cryptocurrency Tracing Are law enforcement seizing cryptocurrency assets based on probabilities instead of solid proof? At Sammis Law Firm, we focus on helping innocent owners after their cryptocurrency account is frozen or seized for administrative or judicial forfeiture proceedings. We are experienced with forfeiture proceedings under both state and federal law. We know […]
Law enforcement agencies in Florida are devoting more resources to seizing cryptocurrency accounts, particularly those belonging to foreign nationals. If they also secure an arrest warrant, they can use the fugitive disentitlement doctrine (FDD) to gain an unfair advantage and take the cryptocurrency by default. Even innocent owners who are U.S. Citizens face tough obstacles […]
Trump’s “Digital Asset Stockpile” On January 23, 2025, President Donald J. Trump signed an executive order entitled “STRENGTHENING AMERICAN LEADERSHIP IN DIGITAL FINANCIAL TECHNOLOGY” referencing a digital asset stockpile. Section 4(c)(ii) provides: The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a […]
IRS-CI Seizures for Forfeiture IRS Criminal Investigation (IRS-CI) is the law enforcement arm of the IRS. Special agents with IRS-CI are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code targeting a variety of financial crimes including tax fraud, drug trafficking, money laundering, public corruption, healthcare fraud, and […]
Seizures for Forfeiture in Pinellas County, FL Law enforcement agencies in Pinellas County, FL, seize property for forfeiture. Traditionally, that property included U.S. currency and vehicles. Recently, the sheriff’s office has begun investigating cyber crimes and seizing cryptocurrency or other digital assets. The attorneys at Sammis Law Firm focus on civil asset forfeiture in general […]
Unlawful Structuring of Currency Transactions Federal law prohibits structuring multiple cash deposits to avoid the bank’s preparation and filing with the IRS of a Currency Transaction Report. A financial institution must prepare a report when a customer makes a cash deposit of $10,000 or more. The crime for unlawful structuring of currency transactions involves violations […]
DEA Forfeiture Publications If your property was seized by a DEA agent, the attorneys at Sammis Law Firm can help you get it back. We can help you file a “verified claim” for court action to trigger DEA’s 90 day deadline to file a complaint for forfeiture in the appropriate United States District Court. If […]
