Posted on 11/23/2022 8:02:04 AM PST by Oldeconomybuyer
That’s not true. In Sweden they let people keep stolen property if the buyer wasn’t aware. In the USA stolen property is stolen property and can be reclaimed by the original owner.
That seems hard. If I earn $10 and steal $10, buy something from cuban leaf for $10 and buy something from you for $10, how do you know who I gave the stolen $10?
Creepy Uncle Joe will bail them out with tax dollars.
Shame on banking oversight committee. Instead of J6, they should have had hearings on this.
In the USA stolen property is stolen property and can be reclaimed by the original owner.
Someone sold you a stolen Corvette. You sold it and bought Christmas presents for all your family. Can they come after the presents, or even the cash equivalent - when you no longer have it? That could bankrupt an innocent person, adding to the list of victims.
Don’t get me wrong. You might be right, but if so, it just tells me how unfair our justice system is.
BTW, when I sold commercial real estate back in the early 80’s in Seattle, there was a notorious pair of fellows who did a very interesting real estate scam, and it even hit the news one time. This was the common tale and what happened in that particular story: “Joe’s investments” would buy a house at foreclosure auction (failure to pay property taxes) dirt cheap, and then immediately sell it to “Frank’s construction”, his friend and sort of partner, for a VERY good price.
In the case that hit the news, the reporters interviewed Joe about giving the property back to the poor old lady that was outside the country and came back to see her fully paid for house was sold at auction for tax delinquency. He said, TO THE REPORTER, “It’s out of my hands because I already sold the property.”
That’s why I hinted, in my earlier response, that if the person who got the cash was somehow in partnership with the fraudsters, they should be required to give it back.
What you’re trying to say is cash is fungible. And yes, a dollar is a dollar, but if you can prove your money was stolen you can claw it back (to some degree).
Especially if that money was given in cash as a “donation”.
That is ridiculous. The only way they can get you to give it back is if they can prove that you were in on the scam........
uh maybe not in bankruptcy if those were gifts then the money was not paid to a creditor
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“But unless the new titleholder paid fair market value for the asset, the transfer is a fraud on creditors. Anglo Saxon law has long held that you can’t give away your property when you have debts.”
https://www.bankruptcysoapbox.com/clawback-in-bankruptcy/
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