Source: Office of United States Attorneys
EDNY Ranked No. 1 in Asset Forfeiture Among All U.S. Attorney’s Offices in the Nation
United States Attorney John J. Durham announced today that the Eastern District of New York (EDNY) collected over $400 million in asset forfeiture actions in Fiscal Year (FY) 2024, ranking the EDNY first among all 93 districts in the country. Forfeiture recoveries are generally derived from warrants and forfeiture orders against illegal proceeds generated by, among other things, transnational criminal organizations and cartels; financial frauds; bribery and political corruption; cybercriminals; and those who violate the Office of Foreign Assets Control sanctions (OFAC).
“The forfeiture of criminal assets is an important tool used by law enforcement to deter crime and punish wrongdoers by depriving them of their ill-gotten gains,” stated United States Attorney Durham. “To the extent possible, forfeited funds are used to compensate victims of crime. That my Office collected the largest dollar amount of asset forfeiture of all U.S. Attorney’s Offices is a testament to the hard work and exceptional dedication of our prosecutors and professional staff in carrying out their mission to do justice, compensate victims, and hold defendants accountable for their crimes.”
In certain circumstances, forfeited assets deposited into the Department of Justice Assets Forfeiture Fund can be used to compensate victims of crimes, and for a variety of law enforcement purposes. In addition, the U.S. Attorney’s Offices, along with the Department’s litigating divisions, are responsible for enforcing and collecting civil and criminal debts owed to the U.S. and criminal debts owed to federal crime victims. The law requires defendants to pay restitution to victims of certain federal crimes who have suffered a physical injury or financial loss. While restitution is paid to the victim, criminal fines and felony assessments are paid to the Department’s Crime Victims Fund, which distributes the funds collected to federal and state victim compensation and victim assistance programs.
In addition to the asset forfeiture recoveries, EDNY collected a total of $333,368,879.70 in judgments and other debts on behalf of victims and the government in FY 2024 in criminal and civil actions filed in the district and in cases in which the Office worked with other U.S. Attorney’s Offices and components of the Department of Justice. Of this amount, $303,583,835.60 was collected in criminal cases and $29,785,044.11 in civil cases.
FY 2024 Forfeiture Highlights
In March 2024, Gunvor S.A. (Gunvor), a part of the Gunvor Group, one of the largest commodities trading firms in the world, pleaded guilty to one count of conspiracy to violate the Foreign Corrupt Practices Act. The charge arose out of a scheme to bribe officials of the Ecuadorian Ministry of Hydrocarbons and Petroecuador, the Ecuadorian state-owned oil company, in order to obtain contracts to purchase oil products. In exchange for these bribe payments, high-level Ecuadorian officials helped Gunvor win contracts to provide a series of oil-backed loans to Petroecuador. Following the plea, United States District Judge Eric N. Vitaliano sentenced Gunvor to pay a criminal monetary penalty of more than $374 million and to forfeit more than $287 million in ill-gotten gains.
In October 2023, as previously ordered by United States District Judge Pamela K. Chen, $100,189,754.61 was forfeited from a Swiss bank account held by Datisa S.A. As proven at two separate trials, Datisa was a corrupt corporate entity that paid and promised to pay millions of dollars in bribes to top soccer officials to secure the media and marketing rights to the 2016 Copa America Centenario, a soccer tournament played in stadiums throughout the United States. This forfeiture is part of the larger investigation of the Federation Internationale de Football Association (FIFA), which exposed corruption throughout world soccer and has resulted in over 30 felony convictions and guilty pleas, and the recovery of over $200 million in forfeiture funds.