The Government Took Everything Before It Proved Anything
A businessman recounts his experience with the Federal Trade Commission (FTC) that led to the freezing of his assets without due process. Despite building a successful company that produced American-made surgical masks, he faced severe financial and operational setbacks due to the FTC's actions. After a Supreme Court ruling favored him, he still struggled with the aftermath, including a subsequent indictment by the Department of Justice.
- ▪The FTC froze the businessman's assets without a trial or finding of wrongdoing.
- ▪He built a company that was awarded a $14.5 million contract to produce masks before the FTC intervened.
- ▪The Supreme Court ruled that the FTC had no authority to seek monetary relief under Section 13(b), but the damage to his business was already done.
Opening excerpt (first ~120 words) tap to expand
Imagine you founded a company with a stop-smoking product that actually works — no nicotine, better than anything on the market. You are the largest investor. You take no salary. You build it into something real, serving 756,000 customers. You are doing exactly what America is supposed to reward. Then one night, without warning, without a trial, without any finding of wrongdoing — the federal government comes. They freeze every account you own or are even associated with. Personal accounts. Business accounts. Life insurance. Retirement savings. A court-appointed receiver sells your office furniture. They tell you that you no longer have Fourth Amendment rights. They come for the wedding ring on your wife's finger. This is not a hypothetical. This is my story.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Real Clear Policy.
Discussion
0 commentsMore from Real Clear Policy
