Tuesday, August 26, 2008

Government lawyers gone wild

The federal government has filed an asset forfeiture lawsuit against billionaire record executive Henry T. Nicholas III, co-founder and former CEO of Broadcom. They're wanting to lay claim to his Newport mansion and his Las Vegas penthouse based on:

claims Nicholas kept a stash of cash at his mansion in Newport Coast and used the money to buy drugs such as cocaine and ecstasy and have parties with musicians signed to his recording label, Level 7. He also allegedly held similar parties at his Las Vegas condo and used his private jet to transport drugs there.


City of Las VegasImage via Wikipedia

So, a law intended to pursue drug dealers is being abused by government lawyers to seize the home of someone accused of using drugs. And the connection is about as tenuous as they come - he kept the money used to buy the drugs at his house. Wait until some local DA realizes he can seize all the money in every bank in his county because meth heads used some ATM machines.

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