Peanuts!
signed, Martin Armstrong
“FBI Seized $86 Million From People Not Suspected of Any Crime. A Federal Court Will Decide if That’s Legal.
Following a raid in March 2021, federal agents spent days rifling through the personal belongings stored in nearly 1,400 safe deposit boxes seized from a vault in Beverly Hills, California.
The agents were tasked with cataloging the contents of the boxes, but they also seized piles of valuables—gold coins, luxury watches, family heirlooms, and stacks of cash—from people who had not been charged with any crimes.
And they did that despite being told, by the warrant authorizing the raid, that the contents of the safe deposit boxes were off-limits.....”
Peanuts!
signed, Martin Armstrong
“And they did that despite being told, by the warrant authorizing the raid, that the contents of the safe deposit boxes were off-limits.....”
2]
Hidden rare coins cache
In 2014, a day laborer sold a box of 58 rare coins to a Philadelphia thrift shop for $6,000, which he said he had found while clearing out the basement of a house in New Jersey. In 2017, when the thrift shop announced they were to auction the coins and they actually valued at $2.5 million, Armstrong came forward to declare himself the rightful owner. He claimed that he had hidden the coins in his mother’s old house to take them “off the books” in anticipation of the public offering of his firm. The thrift shop sued Armstrong, asking the court to declare the thrift shop as rightful owners while Armstrong counter-sued, also seeking ownership. In 2019, the U.S. government learned about the coins and claimed them as part of the treasure hoard Armstrong had refused to hand over in 1999, and for which he had served seven years in jail for contempt. In addition to rare coins, the treasure hoard, valued at $12.9 million, included 102 gold bars, 699 gold coins, and an ancient bust of Julius Caesar.[20][21] Armstrong was deposed. According to Receiver Alan M. Cohen, Armstrong admitted hiding the coins. Armstrong’s attorneys said in a court filing that Armstrong did not make this admission. The auction house now possesses the coins and the U.S. government filed suit to take possession.[20][21]
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