These People Lost $85 Million in an L.A. Heist…and the Robber was the FBI

How an illegal search and seizure turned into a federal cash grab

In March 2021, FBI agents broke into private safe deposit boxes at the Southern California business U.S. Private Vaults and—though no individual box owner was suspected of wrongdoing—rifled through and cataloged owners’ belongings, then seized the contents. Property owners are fighting back, and in today’s episode, we talk about what happened, all the reasons that the government’s behavior was illegal and unconstitutional, and why protecting financial privacy is so crucially important for all Americans.