Legal Opinion

United States v. $8,221,877.16 in United States Currency

Court of Appeals for the Third Circuit

Decided May 28, 2003No. 02-1264PublishedCited by 1 opinion

1Opinion of the Court

OPINION OF THE COURT

RENDELL, Circuit Judge.

The controversy before us focuses on over eight million dollars in forfeited funds. Fighting over these funds are, on the one hand, the corporations that claim them, Kesten Development Corporation and its Brazilian parent company, Turist-Cambio Viagens e Turismo Ltda. (collectively, “Kesten”), and on the other, the United States government, to whom they have been forfeited. Somewhere in between lies Kesten’s bank, which, Kesten claims, improperly turned over the funds to the government. We address two issues: first, whether we should exercise our…

2Cases cited41 opinions

Neitzke v. WilliamsSupreme Court of the United States · 1989
United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
McNeil v. United StatesSupreme Court of the United States · 1993
Lefteri Poulis and Athena Poulis, His Wife v. State Farm Fire and Casualty CompanyCourt of Appeals for the Third Circuit · 1984
Caminetti v. United StatesSupreme Court of the United States · 1917

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3Cited by1 opinion

United States v. $8,221,877.16 in United States Currency Representing $6,871,042.36 Contained in Account Number 030101107 Known as the Venus Account, Held in the Name of or for the Benefit of Kesten Development Corp. At Mtb Bank $1,345,771.64 Contained in Account Number 12108 Known as the Tadeland Account Held at Forex Associates Which Maintains an Account at Eab Bank $5,063.16 Contained in Account Number 08-1641-3 in the Name of or for the Benefit of Ramal Ventures at Israeli Discount Bank (Newark New Jersey Civil No. 00-Cv-02667) Kesten Development Corp. v. Mtb Banking Corporation (Newark New Jersey Civil No. 00-Cv-04982) Kesten Development Corp., and Turist-Cambio Viagens E Turismo Ltda.Court of Appeals for the Third Circuit · 2003