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US Seizes Ex-Taiwan Leader’s Manhattan Condo, Virginia House - Corruption Currents - WSJ

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What does your dream home look like?

For the family of ex-Taiwanese President Chen Shui-bian, it’s no longer the properties they bought through a British Virgin Islands shell company in 2008 worth a combined value of about $2.1 million.

According to court documents, the properties — a Manhattan condo and property in Keswick, Va. — were bought with bribe money. Prosecutors spent more than two years trying to seize the real estate.

The U.S. Justice Department said late Wednesday that both properties were forfeited to the U.S. government as part of its Kleptocracy Asset Recovery Initiative, which targets the spoils of stolen state assets parked in the U.S.