This story is almost unbelievable, but unfortunately it is very real. The FBI suspected a safe deposit box company named U.S. Private Vaults was participating in money laundering. The feds gained a search warrant with very specific limitations (which they abruptly violated), to look at the legal contents of some boxes. However, the judge said no content could be removed unless the FBI specifically could prove the content was illegal.
The feds ignored the search warrant parameters and just started busting open the boxes, confiscating $86 million in cash, jewelry, rare coins and precious metals. When the owners went to court the FBI said the contents smelled like marijuana – ergo the owners had to prove how they came into legal possession of the items. The issues are not resolved, but at least a few judges are rightly looking at this as a clear violation of the 4th amendment…..
(Los Angeles Times) – […] Ruiz is one of roughly 800 people whose money and valuables the FBI seized from safe deposit boxes they rented at the U.S. Private Vaults store in a strip mall on Olympic Boulevard.
Federal agents had suspected for years that criminals were stashing loot there, and they assert that’s exactly what they found. The government is trying to confiscate $86 million in cash and a stockpile of jewelry, rare coins and precious metals taken from about half of the boxes.
John Shadegg was elected to the U.S. House of Representatives in 1994, serving 16 years
WASHINGTON (AP)
