PUERTO RICO – In a shocking revelation, it has been discovered that asset forfeiture funds have been misused in Puerto Rico, with over $1 billion+ recovered.
According to sources, the United States Attorney W. Stephen Muldrow, Puerto Rico Governor Jenniffer González-Colón, and Puerto Rico Police Bureau Commissioner Jospeh González announced updated/new information regarding the United States asset forfeiture funds for agencies in Puerto Rico.
Asset forfeiture is the taking of property by the government without compensation because of the property’s connection to criminal activity. It is a legal tool that enables the federal government to recover property that can be used to compensate victims of the crime underlying the forfeiture, among other important law enforcement interests.
The Justice Asset Forfeiture Program has four primary goals: to punish and deter criminal activity, to promote and enhance cooperation among federal, state, local, tribal, and foreign law enforcement agencies, to recover assets that may be used to compensate victims when authorized under federal law, and to ensure the Program is administered professionally, lawfully, and in a manner consistent with sound public policy.
The Treasury Asset Forfeiture Program also has four priorities: to administer and manage the Treasury Forfeiture Fund (TFF) program in a fiscally responsible manner, to ensure program policies protect due process rights of individuals, to focus resources on strategic cases and investigations, and to foster a strong working relationship between federal and state or local law enforcement agencies.
Through equitable sharing, any state, local, or tribal law enforcement agency that directly participates in a law enforcement effort that results in a federal forfeiture may request an equitable share of the net proceeds of the forfeiture.
The U.S. Attorney’s Office for the District of Puerto Rico and the Puerto Rico Police Bureau will be working together to ensure that asset forfeiture funds are used correctly and that those responsible for misuse are held accountable.
Related Federal Cases
- Miosotis Ribot-Figueroa, Bank Wire Fraud, Puerto Rico 2014 · Puerto Rico
- Puerto Rico Disability Benefit Scam, 7 Indicted, 2016 · Puerto Rico
- Hector Jomar Ponce-Rijos, Child Pornography, Puerto Rico 2024 · Puerto Rico
- Luciano Mendoza-Garcia, Drug Trafficking, Puerto Rico 2016 · Puerto Rico
- Ivan Zayd Guillama-Rosario, Threatening to Use Explosives, Puerto Rico · Puerto Rico
Key Facts
- State: Puerto Rico
- Category: Drug Trafficking|Fraud & Financial Crimes|Violent Crime
- Source: DOJ Press Release â†â€â€
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