News

Attorney David Tedder made a lucrative living creating offshore shell companies and laundering $4 million for his clients who ran an illegal gambling outfit. But his luck ran out after investigators uncovered the scheme which led to the revocation of his law license and the forfeiture of $2.8 million. Tedder's forfeiture was one of many that contributed $257 million to Treasury's Asset Forfeiture Fund for fiscal year 2006, the pot of money reaped from the confiscation of funds from criminal activities like money laundering and drug dealing. For fiscal years 2005 and 2006, Treasury's Asset Forfeiture Fund seized more than...