Seize and Desist podcast

S&D E14 - Fact vs. fiction: asset seizures in the news

Author
Lo Furneaux
Marketing - Associate

“No one's taking action without a court order.”

In this special episode of Seize & Desist, we explore the complexities of cryptocurrency seizures with Joanna Summers, our SVP of Client Relations and resident seized asset specialist, after an extended introduction from David Tyree, our US Compliance Officer and former Resident Agent in Charge at the DEA.

Aidan and Joanna unpack the latest asset seizure headlines and discuss the nuances of dealing with seized assets, including the legal and operational challenges of maintaining their value for eventual disposal or return.

They also touch on the speculative nature of cryptocurrency, the ongoing debate around privacy coins, and the potential future of cryptocurrency seizure and management policies.
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Don’t forget to register for Asset Reality’s seized asset webinar on Thursday, 29th August, at 3pm BST (10am ET) to join us as we review the latest industry best practices and discover practical ways to enhance asset seizure, management and disposal processes in the public sector.

Register to secure your spot today: https://us06web.zoom.us/webinar/register/8517238163281/WN_8AkKbl-LQEm-xLkS3kksGg 

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Timestamps

00:00 - Special Announcement - Register for Asset Reality's Seized Asset Webinar

01:00 - Extended Introduction from David Tyree

06:00 - Aidan's introduction

07:00 - Joanna's background

08:30 - Asset seizure processes

11:00 - Government use of seized assets

16:45 - US attitudes to privacy coins

25:30 - Civil forfeiture vs criminal forfeiture

29:00 - Safely disposing of cryptocurrencies

37:40 - social reuse of seized assets

39:45 - Extended outro from David Tyree

Resources Mentioned

About our Guest

Joanna Summers is the Senior Vice President of Client Relations and resident seized asset specialist at Asset Reality.

As the former Assistant Chief of the Asset Forfeiture Division Complex Assets Unit at the U.S. Marshals Service (USMS) Joanna led her team to build the USMS Cryptocurrency program, beginning with the landmark Silk Road Bitcoin seizure.

Under her guidance, the program oversaw the custody, management, and disposal of all ongoing business and complex financial instruments that are subject to forfeiture, evolving from conducting sealed bid auctions to implementing a streamlined liquidation process via cryptocurrency exchanges.

‍Disclaimer

Our podcasts are for informational purposes only.  They are not intended to provide legal, tax, financial, and/or investment advice. Listeners must consult their own advisors before making decisions on the topics discussed.  

Asset Reality has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material.

The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Asset Reality employees are those of the employees and do not necessarily reflect the views of the company. 

Asset Reality does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. 

Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Asset Reality.

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