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New York businessman James Lieto was an innocent bystander in a fraud investigation last year.
FORBES: Stealing Is Wrong, Even When It's The Government Doing It
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However, in February the government agreed to give Mr. Lieto's money back in full.
WSJ: Federal Asset Seizures and Forfeitures Rise; 'Equitable Sharing' Grows
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If the bags were opened and commingled, it was done by authorities, a Lieto court filing argued.
WSJ: Federal Asset Seizures and Forfeitures Rise; 'Equitable Sharing' Grows
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An armored-car firm hired by Mr. Lieto to carry money for his check-cashing company got ensnared in the FBI probe.
FORBES: Stealing Is Wrong, Even When It's The Government Doing It
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For years, according to court filings, Mr. Lieto used an armored-car company to pick up cash from his bank for delivery to his check-cashing outlets.
WSJ: Federal Asset Seizures and Forfeitures Rise; 'Equitable Sharing' Grows
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Mr. Lieto's lawyer, Mr. Kessler, had filed a deposition from a vault manager who had watched Mr. Lieto's two still-sealed bags being loaded onto the FBI's truck.
WSJ: Federal Asset Seizures and Forfeitures Rise; 'Equitable Sharing' Grows
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Mr. Lieto, the New York businessman, discovered the frustrations an innocent party can face as he worked for months to keep open his check-cashing business after federal agents seized his firm's working capital.
WSJ: Federal Asset Seizures and Forfeitures Rise; 'Equitable Sharing' Grows