Owners Fighting FBI Seizure Of Millions Of Dollars And Valuables

BEVERLY HILLS, CA — The Federal Bureau of Investigations has come under fire for its seizure of hundreds of people's assets from safe deposit boxes in Beverly Hills, the Los Angeles Times reported.

Agents are trying to take $86 million in cash and valuable items such as jewelry and metals from U.S. Private Vaults, at 9182 West Olympic Blvd. The FBI has long suspected the storage spot was being used by criminals, but its raid has proven largely unsuccessful in finding criminal activity, the Los Angeles Times reported.

Around 300 of the 800 individuals who had money and valuables seized are contesting the confiscations in court. Many of them have had their assets taken on weak ties to crime, the Los Angeles Times reported, such as the use of rubber bands to store cash and drug dogs smelling narcotics on money.

Read the full story from the Los Angeles Times.