The rise of asset hunters?
All the financial industry fraud as of late--the Madoffs, the Stanfords and all the others--has led to a boom in the "murky business of asset forfeiture," reports Business Week. "Long a staple of the drug wars--and before that, bootlegger-busting in the Prohibition era--asset forfeiture is simply the process of reclaiming the spoils of crime (cash, homes, boats, and the like) from swindlers and parceling the plunder out to their victims."
So you have some enterprising firms down in obscure financial centers plying the trade that was honed in the drug wars to find all the stolen money. Interesting work if you can get it. There's also a cottage industry in equally zealous firms that help people fend off the asset hunters.
For more:
- here's the article
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