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April 27, 2017

Obtaining an Historic Settlement with the Department of Justice

By: wpengine

When the U.S. government seizes assets and funds, they are normally not very sympathetic or predisposed to giving any of it back. But in a case against a payment processing company, federal authorities in Maryland seized over $2 million of alleged
illegal proceeds in connection with investigation of illegal sports betting – and Ifrah Law helped get half of it back.

In claiming it was a front for the gambling industry, the Department of Justice was very aggressive in seizing the payment processor’s assets in California. But Ifrah law conducted a very precise forensic investigation and demonstrated to the government
that over 50 percent of the company’s proceeds were from legal, legitimate sources. We successfully argued that the scope of the seizure was overly broad.

In a result that is still turning heads in the legal industry, Ifrah Law obtained the first settlement on record where the Department of Justice agreed to refund over $1 million of proceeds that were initially represented to Court as illegal proceeds.

(United States v. Contents of Various Accounts, etc., Case No. CCB-10-774 (U.S. District Court, District of Maryland))