These People Lost $85 Million in an L.A. Heist…and the Robber was the FBI
by Institute for Justice on YouTubeIn March 2021, FBI agents broke into private safe deposit boxes at the Southern California business U.S. Private Vaults and—though no individual box owner was suspected of wrongdoing—rifled through and cataloged owners’ belongings, then seized the contents. Property owners are fighting back, and in today’s episode, we talk about what happened, all the reasons that the government’s behavior was illegal and unconstitutional, and why protecting financial privacy is so crucially important for all Americans.
Analogy made in the conversation: The FBI thinks an employee of an apartment complex has done something illegal, so they seize the
entire apartment complex and
all the residents property. They then proceed to keep anything of substantial value unless the owner can prove they legitimately own it.
