Money Matters: Navigating Arrests and Large Cash Holdings

Episode Summary:

In this eye-opening episode, host Kevin Rosenquist and attorney Edward Johnson III discuss the complex issues surrounding cash seizures during arrests and civil asset forfeiture. Edward explains how law enforcement handles large cash amounts during arrests, debunks the "$10,000 limit" myth, and provides valuable insights on protecting your assets from unlawful seizure.

 

Key Timestamps:

00:00 - Show Introduction

00:24 - What happens during arrests with large cash amounts

02:19 - Cook County seizure statistics ($17 million in assets last year)

03:30 - Legal protections and misconceptions about carrying cash

04:36 - How law enforcement interprets cash findings and drug dog procedures

06:11 - Understanding asset forfeiture process

07:54 - Origin of the "$10,000 rule" misconception

10:26 - Importance of documentation for cash sources

13:18 - 45-day response window for seized assets

14:19 - Discussion on overreaching enforcement

 

About the Show:

Not Guilty: Lawyers, Guns, and Money features Edward D. Johnson III, founding attorney at Edward Johnson Associates PC, discussing critical legal matters affecting everyday citizens. The show provides practical legal insights and expert guidance on various legal topics.