Marshals Mishandled $140M In Seized Assets, DOJ Says

Law360, New York (September 13, 2011, 1:52 PM EDT) -- The U.S. Department of Justice's Office of the Inspector General on Tuesday issued a scathing report evaluating the U.S. Marshals Service's handling of more than $136 million in seized and forfeited assets, including those related to Bernard L. Madoff's Ponzi scheme.

In an audit of the management and oversight of the service's Complex Asset Team, part of its Asset Forfeiture Division, the OIG identified shortcomings in the procedures the team used to track, safeguard and dispose of seized assets since 2005.

“In recent years, the size...
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