LAS VEGAS - U.S. Attorney Daniel G. Bogden has announced the Nevada U.S. Attorney's Office collected $18 million in fiscal year 2013 related to criminal, civil and asset forfeiture actions. Of this amount, $10.5 million was collected in criminal actions, $1.6 million was collected in civil actions, and $5.9 million was collected in criminal and civil forfeitures.
Additionally, the District of Nevada worked with other U.S. Attorney's Offices and components of the Department of Justice to collect an additional $1.9 million in cases pursued jointly with these offices. This additional shared amount was collected in civil actions.
An example of a recent case in which the U.S. Attorney's Office for the District of Nevada collected a significant amount of money is United States vs. Richard Young.
Young, of Lewistown, Mont., was convicted following a jury trial in March 2011 of various fraud offenses including conspiracy to commit wire fraud, wire fraud, money laundering and securities fraud. Young deceived more than 1,400 persons into investing more than $16 million in a fraudulent securities trading business.
Young was sentenced in December 2011 to 25 years in prison and ordered to pay $13.3 million to the victims. Young's sentence also included a forfeiture order by which multiple items of real and personal property were forfeited to the United States, including tractor-trailers, several homes and business properties in Lewistown, bank accounts holding over $500,000, and multiple cars, tools, furnishings and business equipment.
The forfeited properties were liquidated and yielded approximately $1.12 million. Pending approval from the Department of Justice Asset Forfeiture and Money Laundering Section, those monies will be used to pay the victims of Mr. Young's crimes in partial satisfaction of the restitution order.[[In-content Ad]]
