43 sats \ 1 reply \ @Wumbo 20h \ on: A Sad, True Tale Of Civil Forfeiture And A Bank "Glitch" Politics_And_Law
One morning last week he discovered that his bank accounts had been frozen, which was very upsetting.
My question here is just a pragmatic one and of course "Bitcoin Fixes this" is the true solution.
Question: How many degrees of separation did the bank freeze?
Was just the business account or did they go for the personal accounts to? Have you heard of any "best practice" to limit exposure?
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10 sats \ 0 replies \ @siggy47 OP 20h
Good question. In this case it was only the business account, but it's not a question of shielding liability like an asset protection specialist might advise. The government will pursue the money itself, wherever it flows. It makes no difference who owns the account or in what capacity.
As to the degree of separation, the person accused of criminal activity directly paid my client.
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