DEA Seizes Innocent College Student's Money in Policing for Money

DEA Seizes Innocent College Student's Money in Policing for Money

In February 2014, the DEA seized $11,000 from Charles Clarke, a college student, who was never convicted of any crime. The DEA seized Clarke's money using a process known as civil forfeiture, and he still hasn't gotten any of the money back. While noticeably egregious, The Institute For Justice demonstrates that Clarke's case doesn't scratch the surface of what's being called "policing for profit". Civil Forfeiture. Civil forfeiture is a procedure that allows law enforcement agencies in the United States to seize property without convicting a person of a crime. The government doesn't even....


Related News

London College Student Robbed at Knifepoint by 8 Thugs for $93K in Bitcoin

Recently a student from the University of Kent in London was robbed at knifepoint for his bitcoin. After eight thugs stormed his dorm room and demanded that he reveal his crypto credentials and passwords, the student was forced to leave the campus and he moved back home. Freshmen College Student Loses Bitcoin in an On-Campus Mugging A recent report shows that a college student who started the year as a freshman was robbed at the University of Kent, a school located in the historic city of Canterbury. The student’s mother details that five days before starting his course, her son....

American Students More Burdened by Debt Than Ever Before

College education is expensive, whether you’re going for your bachelor’s degree or your master’s degree. And these days, American students are more burdened by student loan debt than ever before. While there are more affordable options, such as online schools that offer a wide array of programs, from an online MBA to an online homeland security program, taking out loans to pay for higher education has put young adults in debt before they even have a chance to start working. A Look at Some Numbers. To really understand just how burdened American students are with debt, you need to look at....

Student loans? Hedge with bitcoins, says Gold Silver Bitcoin

A company called Gold Silver Bitcoin is touting its commodities of choice as a way for college students and graduates to hedge their often-huge student debts. To back its argument, the company cites reports that the number of graduates in the US who have fallen behind on their student loan payments has climbed to an all-time high. In the third quarter of 2012, 11 percent of payments on student loans were 90 days or more past due -- considered "seriously delinquent" -- according to a report from the US Department of Education. The department also reported that nearly one-third (around 30....

'Record Attendance' for India Seminar Reveals Keen Interest in Bitcoin

Vishal Gupta speaks at the Bitcoin Alliance of India student seminar. Bitcoin in India is showing plenty of promise at the grassroots level, as demonstrated by 250 undergraduate students who attended a seminar at the HR College of Commerce and Economics in Mumbai last Thursday. Those present already demonstrated a basic knowledge of bitcoin and some of its technical aspects such as block chain transparency and mining, according to Vishal Gupta of the Bitcoin Alliance of India, who headed the presentation. Gupta told CoinDesk he was impressed at the level of interest, saying: "College....

How a College Student Helped Bring Bitcoin Where It Is Now

After Satoshi Nakamoto's paper introducing bitcoin back in 2008, the idea did not kick off immediately until he came in contact with a college student who helped launch the cryptocurrency to where it is now. The paper had been very technical and filled with jargon that regular folks couldn't understand, which prompted Martti Malmi to write about it. Malmi had been a sophomore in the Helsinki University of Technology back then and he was a shy student who spent most of his time in his room, writing code on his computer or playing online games. This led him to discover bitcoin while also....