This is exactly the same thing that was done during the witch hunts.
Needless to say, the “accused” didn’t get their stuff back.
[not that they had any use for it after their “trial”, anyway]
I once read that in the middle ages, a Noble or Lord jealous of a private citizen's riches had only to accuse them of being a witch and the government (Noble or Lord) got to confiscate all the property. Too bad about the torture and all that, but hey, if they weren't a witch now they might become one in the future.