
BC Secures Largest Civil Forfeiture of Its Kind at $10 Million
Published on December 20, 2023
British Columbia’s civil forfeiture office has secured $10 million from a company that provided payment processing services for people found guilty, or who are alleged to have been running scams against vulnerable seniors. Solicitor General Mike Farnworth said in a statement the settlement agreement with PacNet Services Ltd. is the largest forfeiture in the history of the program that started in 2006. Under the settlement deal, there is “no admission or finding of unlawful activity on the part of PacNet” or its principals, while the company agrees to forfeit $10 million. Mr. Farnworth said the forfeiture “sends a clear message that the province will continue to take decisive action against suspected proceeds of unlawful activity.”...
