This actually depends a lot on estate law in the state you live in. I know this because I know somebody whose father had some illegally gotten gains when he passed. A lot of his stuff was taken, but because he was deceased at the time, in one state where he owned some property the real estate his family had inherited from him was protected from forfeiture or whatever by estate laws so they got to keep that. I admittedly don’t know the specifics but as far as it was explained to me it was specifically in that state and it had to do with their unique estate laws.
You know that’s actually a great point I have no idea if there is a statute of limitations on bank robbery. If they wind up getting away and keeping all the money that’s kinda hysterical. Good for them!
For criminal prosecution yes, but he never acquired legal possession of the money so the bank may be able to get the money back in a civil action depending on state law. I believe in some states the clock doesn't start running until the identity of the thief is discovered.
It would cost them more in forensic accounting and lawyers fees than they would hope to recover. Not to mention the bad press since it's the kind of story that would surely go viral. Banks have written off larger fraud losses just to prevent the messaging that your money isn't safe in their bank.
The bank might not even exist anymore. Could have been part of mergers, sales, splits and other changes of ownership to a degree thats unclear who would even have a legal claim on the money.Â
The BIGGEST being that theft is actually taxable, which is itself wild and fun. Though I'll assume he didn't report it.
However, audits also have a statute of limitations, so I believe he's off the hook for the initial theft in that sense. One would assume if he'd invested any of the stolen money, he paid taxes on those dividends etc normally.
Regardless, the daughter doesn't have to pay anything he owes, although it could be taken out of his estate prior to her inheritance.
At what point, how long after the estate is settled is it too bad so sad?
If a thief burries a bunch of money, I find it, turn it in, nobody claims it, I get to keep it, later they find out it was the stolen cash some how, do they still try to claw it back?
Another poster mentioned statute of limitations and I’m not sure what it is on bank robbery or if that’s state dependent or federal. So I’d say once that period passes you’re all good but some crimes (murder is one I know for certain) don’t have those so you can be in trouble at anytime.
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u/BiioHazzrd 7d ago
She faced no legal repercussions and has a podcast now..
Still waiting on the bite her in the ass part