By definition, "asset forfeiture or asset seizure is a form of confiscation of assets by the state. It typically applies to the alleged proceeds or instruments of crime. This applies, but is not limited, to terrorist activities, drug related crimes, and other criminal and even civil offenses." In recent months, stories of poker players having their bankrolls seized has made headlines; as such, PokerNews legal contributor Maurice "Mac" VerStandig offers his take on asset forfeiture.
Alongside high-stakes casino bettors – the increasingly-scarce innocent members of this oft-crooked fraternity – may be found the likes of drug dealers, hit men, underworld gaming operators, and other organized crime figures in search of a proverbial load of Tide for their legal tender.