Department of the Treasury 

Treasury Executive Office of 

Asset Forfeiture 

Congressional Budget 

Justification and Annual 

Performance Report and 

Plan 

FY 2023 
TEOAF – 2 

Table of Contents 

Section I – Purpose .................................................................................................................................. 3

A – Mission Statement .......................................................................................................................... 3

B – Summary of the Request ................................................................................................................ 3

1.1 – Resource Detail Table ........................................................................................................... 9

1.2 – Obligations Detail Table ............................................................................................................ 10

1.3 – Object Classifications Obligations (Schedule O) ...................................................................... 10

Section II – Annual Performance Plan and Report ........................................................................... 11

A – Strategic Alignment ..................................................................................................................... 11

B – Budget and Performance by Budget Activity ............................................................................... 11

2.1.1 Treasury Forfeiture Fund Resources and Measures ................................................................... 11

Section III – Additional Information .................................................................................................. 12

A – Summary of Capital Investments ................................................................................................. 12
TEOAF – 3 

Section I – Purpose 

A – Mission Statement 

To affirmatively influence the consistent and strategic use of asset forfeiture by law enforcement 

bureaus that participate in the Treasury Forfeiture Fund (TFF or the Fund) to disrupt and 

dismantle criminal enterprises. 

B – Summary of the Request 

The Treasury Executive Office for Asset Forfeiture (TEOAF) administers the Fund, which is the 

receipt account for deposit of non-tax forfeitures made pursuant to laws enforced or administered 

by participating Treasury and Department of Homeland Security (DHS) bureaus. Principal 

revenue-producing bureaus include U.S. Customs and Border Protection (CBP), U.S. 

Immigration and Customs Enforcement (ICE), the Internal Revenue Service (IRS), the U.S. 

Secret Service (USSS), the U.S. Coast Guard (USCG), and Alcohol and Tobacco Tax and Trade 

Bureau (TTB), among others. The Fund is a special fund, defined as a Federal fund account for 

receipts earmarked for specific purposes and the expenditure of those receipts. The law (31 

U.S.C. 9705) allows TEOAF to use the funds for payment of all proper expenses of seizure or 

the proceedings of forfeiture and sale. 

Revenues deposited in the Fund can be allocated and used as the result of a permanent indefinite 

appropriation provided by Congress. A forfeiture process begins once currency or property is 

seized. Seized currency is deposited into a suspense account (holding account) until forfeited. At 

that time, the forfeited amount is transferred-in (deposited) to the Fund as revenue. Forfeited 

properties are usually sold, and the proceeds are also transferred-in into the Fund as revenue. 

This revenue represents budget authority for meeting obligations and expenses of the program. 

Expenses of the Fund are set in a relative priority so that operating costs are met first and may 

not exceed revenues. 

 Mandatory expenses represent operating costs of the Fund, including storing and 

maintaining seized and forfeited assets, valid liens and mortgages, investigative expenses 

incurred in pursuing a seizure, information and inventory systems, remissions, victim 

restoration, and certain costs of local police agencies incurred in joint law enforcement 

operations. Following forfeiture, equitable shares may be paid to state and local law 

enforcement agencies that contributed to the seizure activity at a level proportionate to their 

involvement. 

 Secretary’s Enforcement Fund (SEF) expenses are funded from revenue from equitable 

shares received from Department of Justice (DOJ) or U.S. Postal Service (USPS) forfeitures. 

These shares are proportionate to Treasury’s participation in the overall investigative effort 

that led to a DOJ or USPS forfeiture. SEF revenue is available for Federal law enforcementrelated purposes of any bureau participating in the Fund. 

 Strategic Support allows TEOAF to fund priority Federal law enforcement initiatives with 

remaining unobligated balances at the close of the fiscal year, after an amount is reserved for 

the next fiscal year’s operations. 

FY 2021-2022 Case Highlights: The following case highlights are intended to provide examples 

of the types of investigative cases worked by the Fund’s law enforcement bureaus during 
TEOAF – 4 

FY 2021-2022 that resulted in the seizure and forfeiture of assets. Such cases, as those profiled 

below, are consistent with the strategic mission and vision of the Fund, which seeks to use highimpact asset forfeiture in investigative cases to disrupt and dismantle criminal enterprises. 

 Leader of Complex International Fraud and Money Laundering Ring Sentenced to 14 

Years in Prison and Ordered to Pay Restitution in the Amount of $14.5 million 

The leader of an international fraud and money laundering ring was sentenced in January 

2022 to 14 years in federal prison for conspiracy to commit money laundering. The Court 

ordered the defendant to forfeit various assets and, as part of their sentence, entered a $1.5 

million money judgement. In addition, the Court ordered the defendant to pay restitution to 

victims in the amount of $14.5 million. 

The defendant contracted with international “boiler rooms” to launder fraud proceeds 

obtained from foreign victims, primarily by selling worthless investments. They employed a 

mass-marketing scam to defraud victims who believed that they were investing in regulated 

financial products, particularly shares of stocks. The defendant operated a network of funnel 

accounts in the U.S. in the names of shell companies into which the victims were instructed 

to send their money. Most of the victims were in Australia, New Zealand, the U.K., and 

countries in Asia. The defendant was arrested in Belgrade, Serbia pursuant to an 

INTERPOL Red Notice issued by the U.S. Department of Justice and extradited to Tampa in 

April 2019. The investigation was conducted by Homeland Security Investigations and IRS 

Criminal Investigation. 

 Joint Case Leads to a Shutdown of an Illegal Bitcoin ATM Network Involved in Laundering 

Millions of Dollars in Bitcoin and Cash

Herocoin, an illicit virtual-currency money service business, was advertised online as a Bitcoin 

(BTC) cash exchange service of up to $25,000. The owner and operator of Herocoin, a former 

bank employee familiar with compliance matters, deliberately failed to register his money service 

business with FinCEN. The owner exchanged currency with their customers in-person and 

operated a series of purchased BTC ATM kiosks, located in malls, convenience stores and gas 

stations throughout Los Angeles. The owner did not conduct any due diligence and was aware that 

funds he accepted for exchange came from illicit sources. The owner registered Herocoin in 2018, 

only after being contacted by FinCEN, but still failed to exercise due diligence, file suspicious 

activity and currency transaction reports, or develop an anti-money laundering program. As a part 

of their plea agreement, the owner agreed to forfeit cash, cryptocurrency, and seventeen BTC 

ATMs. On May 28, 2021, he was sentenced to 24 months of imprisonment. The case was 

investigated by Homeland Security Investigations (HSI), IRS Criminal Investigations, and the Los 

Angeles County Sheriff’s Department. 

 Kidnapping Suspects Indicted; Ransom Money Returned to Victim 

Two subjects entered a residence rented by an elderly man and terrorized their victim for several 

hours, extorting him out of his truck, guns, and other possessions. They subsequently kidnapped 

the man and held him at their residence for over eight hours, forcing him to wire $250,000 to one 

of the subject’s bank accounts. After the money was deposited, the kidnappers released the victim 

and threatened to kill his family if he called the police. Despite the threats, he called the police, 

and USSS agents, along with the FBI, were able to track the subjects down using GPS. The USSS 

seized subject’s bank account and in June 2021, returned the $250,000 to the victim, along with his 

other recovered possessions. They were charged with kidnapping, wire fraud, and bank fraud. 
TEOAF – 5 

COVID 19 Related Case Highlights: 

 Homeland Security Investigations (HSI) Operation Stolen Promise Targets 

Counterfeit Vaccines and Treatments for COVID-19 

Since April 2020, ICE’s HSI Cyber Crimes Center (C3), Intellectual Property Rights (IPR) Center 

and HSI Office of Intelligence representatives have been successfully targeting online fraud 

schemes and the sale of illicit COVID 19 vaccines and treatments using illicit websites and dark 

net marketplaces. As of January 26, 2022, HSI Special Agents have initiated 1,426 criminal 

investigations, made 421 arrests, secured 192 indictments, and 58 convictions in addition to 

executing 449 search warrants and seizing nearly $59 million related to COVID-19 fraud. Case 

highlights include: 

 In January 2022, HSI Boston reported the guilty plea of two targets for wire fraud and false 

statements in preparation of fraudulent CARES Act documents used to obtain approximately 

$30,000. The funds were used to operate illicit massage businesses that offered sex services. 

 On December 20, 2021, HSI Detroit reported the seizure of approximately $350,000 in a case 

involving the U.S. Small Business Administration (SBA) Economic Injury Disaster Loans 

fraud. On the same date, HSI Detroit seized a bank account linked to the subject worth 

$350,000. 

 On May 7, 2021, HSI Los Angeles reported the arrest of a U.S. citizen for Paycheck Protection 

Program (PPP) fraud. From May-December 2020, the subject submitted four PPP loan 

applications worth over $5 million. HSI seized three luxury vehicles valued over $700,000 

purchased with fraudulent PPP loan money and a bank account containing over $2 million 

dollars.

 In April 2021, HSI Portland, OR executed a federal search warrant at a business in Eugene, OR 

resulting in the seizure of 537,000 counterfeit 3M masks. 

 In February 2021, HSI Portland, ME, initiated an investigation of counterfeit 3M masks that 

were sold to the State of Maine for health care providers, first responders, and teachers. 

Approximately 2,175,000 counterfeit N95 masks were sold for approximately $6.4 million 

dollars. HSI seized $3,616,082 and 2,082,907 counterfeit 3M masks. 

 In February 2021, HSI Los Angeles seized approximately 9.4 million counterfeit 3M masks at a 

logistics facility, some of which were destined for the Federal Emergency Management 

Agency. 

 USSS Response to COVID-19 Related Fraud 

Since mid-2020, US Secret Service offices nationwide have been investigating rampant fraud 

related to the SBA loans. The USSS has developed tactics for responding to this emerging criminal 

trend and identified several avenues for recovering the funds through administrative forfeiture. 

This effort has been extremely successful, resulting in 1,493 seizures totaling $1.257 Billion 

recovered from fraudulently obtained COVID Relief loans. 

 USSS Tallahassee PPP and EIDL Fraud Investigation Resulted in Forfeiture of $7.8 million 

USSS Tallahassee investigated fraudulent PPP and Economic Injury Disaster Loan (EIDL) 

applications that were submitted online through the SBA website, utilizing fabricated 

employment information and/or stolen individual and corporate PII. The applications directed 

funds to numerous “money mule” accounts. USSS Tallahassee Office seized funds from 

numerous Charles Schwab Brokerage Accounts in various names. The funds were forfeited on 

September 15, 2021. SBA and others defrauded entities have filed petitions for remission for 

the forfeited funds. 
TEOAF – 6 

 USSS Baltimore Successes in COVID-19 Related Fraud Investigations 

USSS Baltimore has seized over $8 Million in fraud cases involving COVID Relief Funds. 

One of the recent cases targeted a subject who had falsified IRS Tax Documents for the 

purpose of receiving a large PPP Loan. M&T Bank notified the USSS of the fraud scheme and 

assisted agents in the investigation. On December 22, 2021, USSS Baltimore obtained a 

seizure warrant for $1,295,000 from account(s) controlled by the subject. A criminal complaint 

and arrest(s) are forthcoming. SBA will file a petition for remission for the forfeited funds. 

 22 Defendants Charged and 6 Pleaded Guilty in Connection with $11.1 Million PPP Fraud 

Twenty-two individuals have been charged in connection with a fraudulent scheme to obtain 

approximately $11.1 million in PPP loans to purchase luxury vehicles, jewelry, and other 

personal items. Six individuals, including the scheme’s ringleader, pleaded guilty. The 

leader pleaded guilty on June 16, 2021, to one count of conspiracy to commit bank fraud and 

wire fraud and one count of money laundering. As part of his plea, the defendant admitted 

their participation in fraudulent conduct totaling more than $14.7 million, including more 

than $11.1 million in fraudulent PPP loans, more than $1.15 million in fraudulent Economic 

Injury Disaster Loans, and more than $2.4 million in fraudulent automobile loans. They also 

agreed to forfeit assets, including more than $2.1 million in seized funds, three luxury 

vehicles, and jewelry. The investigation has been conducted by the FBI, IRS Criminal 

Investigation, the U.S. Treasury Inspector General for Tax Administration, and the SBAOffice of the Inspector General.

 CBP Port Entry Inspections Prevent Fraudulent COVID-19 Tests and Counterfeit 

Products from Entering the U.S.

On January 15, 2021, during a regular inspection at the Seattle Port of Entry, CBP officers 

opened a box labeled “Doorbell”, but discovered COVID-19 Rapid Test Kits. Further 

investigation determined that the entire shipment of ten boxes containing 5002 test kits were 

non-FDA compliant. The value of the test kits was $95,038. The officers determined that the 

manufacturer listed the kits as “Test that should no longer be used”. Additionally, CBP 

officers at the El Paso Port of Entry found and seized 139 boxes of counterfeit 3M masks 

manufactured in Peru and shipped to the U.S. via Hong Kong. As of September 2021, the 

Treasury forfeiture program has over 13 million counterfeit masks in its warehouses. 

Priorities: In FY 2023, TEOAF will continue to support the investigations and activities of the 

participating law enforcement bureaus. The bulk of TEOAF expenses include supporting 

seizures, forfeitures, and the funds are used to cover the costs of activities associated with 

seizures including storage, maintenance, disposition, and destruction of seized property. 

TEOAF focuses on supporting investigations and activities that meet the mission of disrupting 

and dismantling criminal enterprises. To this end, TEOAF prioritizes major case1

 initiatives 

when allocating funding to member agencies, including the purchase of evidence and 

information, joint operations expenses, investigative expenses leading to seizure, as well as 

software tools used for computer forensics, analysis of financial data, and tracing cryptocurrency 

transactions. Major case initiatives are aligned directly to the National Money Laundering and 

Southwest Border strategies. 

1 A major case refers to a case where the forfeiture results in a deposit greater than $5 million, or a case that disrupts or dismantles money 

laundering networks or other financial activities that threaten the financial stability, financial system, or financial interests of the United States. 
TEOAF – 7 

Often, the assets identified in these investigations are proceeds of fraud schemes with multiple 

victims. TEOAF allocates significant resources to ensure that such investigations are adequately 

funded to yield successful prosecutions and forfeitures. The resulting forfeiture deposits are used 

to compensate the victims defrauded by the violators. 

One of TEOAF’s highest immediate priorities now is supporting TFF participating law enforcement 

agencies’ response to COVID-19 related crimes. Our agencies are facing formidable challenges 

dealing with massive COVID-19 related fraud schemes, the use of stolen PII in such schemes, and the 

sales of counterfeit vaccines, masks, and COVID treatments online and via Darknet marketplaces. 

From the start of the pandemic, TEOAF has made it a priority to support our agencies’ efforts 

aimed at intercepting, disrupting and dismantling multi-million-dollar COVID fraud schemes 

and returning the money to the victims. It will remain a TEOAF high priority in FY 2022-2023, 

as the number of COVID-19 crimes and investigations associated with them is still growing. 

The most notable financial investigations conducted by the TFF agencies involve professional 

money launderers who utilize highly sophisticated money laundering methods, global trade and 

finance, and emerging technologies such as cryptocurrencies. They launder illicit funds derived 

from many criminal violations, including drug trafficking, human smuggling and COVID-19 

fraud. This type of investigation requires extraordinary law enforcement efforts, manpower, and 

resources. TEOAF prioritizes the support of such investigations, including their ongoing 

operation’s needs and cutting-edge technology capabilities required for big data analytics, dark 

net investigations, block chain analysis, and mobile forensics necessary for these operations. 

These investments buttress the anti-money laundering and countering the financing of terrorism 

(AML/CFT) strategy of DHS and Treasury and alleviate uncertainty about funding availability 

for investigations and forfeitures. 

Challenges: Managing an inconsistent revenue stream to meet the burgeoning investigative 

needs of the agencies, particularly software and analytical tools necessary to pursue criminal 

activity that is increasingly cyber based. A funding mix involving all funding authorities 

(Mandatory, SEF and Strategic Support) is essential to avoid uncertainty about future funding 

for financial investigations and forfeitures. 

Many investigations require analytical and cyber-investigative tools and services that are currently not 

available or are insufficient. Additional datasets and analytical tools specific to COVID-19 

investigations must be acquired and maintained. These critical datasets include PPP loans and EIDL 

applications, Advanced Payment of Employer Credits due to COVID-19, and Economic Impact 

Payments (EIP) disbursement. 

The table below reflects forfeiture revenue from all sources including direct revenue, reverse 

asset sharing, and interest earned. 
TEOAF – 8 

FY 2015 data does not include the BNP Paribas S.A. forfeiture in the amount of $3,839 million. Of that amount, $3,800 million was 

permanently rescinded under the Consolidated Appropriations Act of 2016, Pub. L. 114-113, Div. O, Tit. IV, §404(e) and §405(b). The 

remainder was returned to the General Fund in FY 2018. 

For operational support of TFF agencies’ investigations, both Mandatory and SEF are critical 

funding sources. The Mandatory funding supports investigative expenses only for seizure cases, 

but the vast majority of seizure cases do not initially start as financial cases. Most seizure cases 

grow out of other cases pursuing specified unlawful activities such as drug trafficking, human 

smuggling, or cybercrime, which are all dependent on SEF funding for operational support. The 

nature of revenue and expenses for both Mandatory and SEF funding is equally dynamic, 

requiring adjustments during the fiscal year. 

In addition, TEOAF tracks future remission payments to third parties as contingent liabilities. 

However, these amounts are not recorded as Fund obligations until the Department of Justice 

grants the petition for remission. The third parties are predominantly victims of crimes that 

triggered the forfeiture (e.g., Ponzi scheme victims). Amounts recorded are significant because 

remission payments from multiple years are recorded and carried forward. The amounts change 

constantly as payments are made and amounts for new remission cases are added. TEOAF 

considers the amounts recorded as contingent liabilities as unavailable and consideration of 

contingent liabilities provides a more accurate representation of the Fund’s financial position. 
TEOAF – 9 

1.1 – Resource Detail Table

Dollars in Thousands

Treasury Forfeiture Fund

Budgetary Resources

FTE * AMOUNT FTE* AMOUNT FTE* AMOUNT FTE* AMOUNT FTE* AMOUNT

Revenue/Offsetting Collections

Interest $1,558 $5,000 $5,000 $0 NA 0.00%

Restored Prior Year Sequestration Reduction $30,294 $44,774 $32,327 ($12,447) NA -27.80%

Forfeited Revenue $783,957 $562,136 $573,379 $11,243 NA 2.00%

Recovery from Prior Years Unpaid $33,811 $12,000 $12,000 $0 NA 0.00%

Recovery from Prior Years Paid $455,447 $0 $0 $0 NA NA

Unobligated Balances from Prior Years $691,454 $877,271 $808,223 ($69,048) NA -7.87%

Total Revenue/Offsetting Collections $1,996,521 $1,501,181 $1,430,929 0 ($70,252) NA -4.68%

Expenses/Obligations

Mandatory Obligations 27 ($624,275) 27 ($453,000) 27 ($462,060) 0 ($9,060) 0.00% 2.00%

Secretary's Enforcement ($14,670) ($35,000) ($35,000) $0 NA 0.00%

Strategic Support ($360,531) ($97,631) ($100,000) ($2,369) NA 2.43%

Total Expenses/Obligations 27 ($999,476) 27 ($585,631) 27 ($597,060) 0 ($11,429) 0.00% 1.95%

Rescissions/Cancellations

Sequestration Reduction ($44,774) ($32,327) ($32,968) ($641) NA 1.98%

Permanent Cancellation ** ($75,000) ($75,000) $0 $75,000 NA -100.00%

Total Rescission/Cancellations ($119,774) ($107,327) ($32,968) $74,359 NA -69.28%

Net Results 27 $877,271 27 $808,223 27 $800,901 0 ($7,322) 0.00% -0.91%

Contingent Liabilities ($590,714) ($550,000) ($550,000) $0 NA 0%

** Due to the timing of FY 2023 budget preparation, the rescission amount for FY 2022 does not reflect the $175 million rescission included in the FY 2022 enacted appropriation 

(P.L. 117-103).

* The Treasury Forfeiture Fund is staffed by Departmental Offices employees and positions are funded via reimbursable agreement. The FTE are shown here for clarity, but are 

also reflected in the Departmental Offices chapter in the reimbursable FTE total.

FY 2021 FY 2022 FY 2023 FY 2022 to FY 2023

Actual Revised Estimate Estimate $ Change % Change
TEOAF – 10 

1.2 – Obligations Detail Table 

Dollars in Thousands 

Treasury Forfeiture Fund Obligations 

FY 2021 

Actual 

FY 2022 

Revised 

Estimate 

FY 2023 

Estimate 

Mandatory * 

 CBP $58,594 $52,775 $53,830 

 ICE $197,826 $119,275 $121,660 

 IRS $150,602 $117,780 $120,136 

 USSS $81,916 $41,450 $42,278 

 USCG $1,400 $1,268 $1,294 

 TEOAF/DO $96,577 $85,844 $87,560 

 TTB $567 $951 $970 

 DOJ/AFMS $18,793 $17,486 $17,836 

 DOJ/CID $18,000 $16,172 $16,496 

Total Mandatory $624,275 $453,000 $462,060 

SEF 

 CBP $1,200 $4,400 $4,400 

 ICE $6,883 $12,123 $12,123 

 IRS $4,257 $12,001 $12,001 

 USSS $1,980 $6,126 $6,126 

 TTB $350 $350 $350 

Total SEF $14,670 $35,000 $35,000 

Strategic Support ** CBP $289,759 $13,933 TBD 

 ICE $35,016 $22,946 TBD 

 IRS $17,341 $22,335 TBD 

 USSS $5,938 $7,444 TBD 

 USCG $5,012 $7,635 TBD 

 TTB $737 $838 TBD 

 FINCEN $6,728 $22,500 TBD 

Total Strategic Support $360,531 $97,631 $100,000 

Total Expenses/Obligations $999,476 $585,631 $597,060 

* These amounts represent all operating expenses (i.e., Refunds, Asset Shares, etc.) including Reimbursables. 

** FY 2022 and 2023 Strategic Support shows preliminary allocations subject to change in the policy process. 

1.3 – Object Classifications Obligations (Schedule O) 

Dollars in Thousands 

Treasury Forfeiture Fund FY 2021 FY 2022 FY 2023 

Object Classification Actual 

Revised 

Estimate Estimate 

25.2 - Other services from non-Federal sources 67,000 15,935 15,165 

25.3 - Other goods and services from Federal sources 232,999 294,806 301,754 

26.0 - Supplies and materials 1 1 1 

41.0 - Grants, subsidies, and contributions 132,000 158,113 160,550 

43.0 - Interest and dividends 311 176 179 

44.0 - Refunds 191,689 88,141 89,499 

94.0 - Financial Transfers 375,476 28,459 29,912 

Total Non-Personnel $999,476 $585,631 $597,060 

Total Budgetary Resources $999,476 $585,631 $597,060 

 

Full- time Equivalents (FTE) * 27 27 27 
TEOAF – 11 

* The Treasury Forfeiture Fund is staffed by Departmental Offices employees and positions are funded via reimbursable 

agreement. The FTE are shown here for clarity, but are also reflected in the Departmental Offices chapter in the reimbursable 

FTE total. 

E – Legislative Proposals 

 TEOAF has no legislative proposals. 

Section II – Annual Performance Plan and Report 

A – Strategic Alignment 

This year, Treasury Forfeiture Fund is working to align budget activities and performance 

measures to the new objectives in the Treasury FY 2022 – 2026 Strategic Plan. This work will 

include benchmarking performance and may result in changes to performance measures in the 

FY 2024 budget. 

The purpose of the Fund is to ensure resources are managed to cover the costs of an 

effective asset seizure and forfeiture program, including the costs of seizure or the 

proceedings of forfeiture and sale, including the expenses of detention, inventory, 

security, maintenance, advertisement, or disposal of the property. Additionally, the 

Fund is used to support law enforcement priorities, financial investigative 

capabilities, and the seizure of physical and financial resources to disrupt and 

dismantle criminal enterprises. 

B – Budget and Performance by Budget Activity 

2.1.1 Treasury Forfeiture Fund Resources and Measures 

Dollars in Thousands 

Resource Level Actual FY 2017 

Actual 

FY 2018 

Actual 

FY 2019 

Actual 

FY 2020 

Actual 

FY 2021 

Actual 

FY 2022 

Revised 

Estimated 

FY 2023 

Estimated 

Expenses/Obligations $526,228 $1,007,426 $1,022,684 $488,041 $999,476 $585,631 $597,060 

Budget Activity Total $526,228 $1,007,426 $1,022,684 $488,041 $999,476 $585,631 $597,060 

FTE 25 25 25 26 27 27 27 

Measures FY 2017 

Actual 

FY 2018 

Actual 

FY 2019 

Actual 

FY 2020 

Actual 

FY 2021 

Actual 

FY 2022 

Target 

FY 2023 

Target 

Percent of Forfeited Cash 

Proceeds Resulting from HighImpact Cases 80 94.19 90.8 82.87 89.65 80 80 

Treasury Forfeiture Fund Budget and Performance 

($597,060,000 in obligations from revenue/offsetting collections): 

The Fund continues to measure the performance of the participating law enforcement 

bureaus through the percent of forfeited cash proceeds resulting from high-impact 

cases, which are cases that yield a cash forfeiture deposit equal to or greater than 

$100,000. 

The high-impact cases are cases that pursue major criminal targets and their financial 

networks, and therefore, central to disrupting and dismantling criminal enterprises. At the 

same time, these cases are heavily dependent on TEOAF’s funding due to their high 

operational costs and reliance on sophisticated technologies and analytical tools that are 
TEOAF – 12 

not adequately covered by the appropriated funds. The dominant share of high-impact 

forfeitures reflects TEOAF’s effectiveness in supporting such major investigations. 

While the specific numbers shown in the chart fluctuate due to the unusually big forfeitures, the 

consistently dominant (80 percent or more) share of major forfeitures year after year 

demonstrates 

TEOAF’s consistent commitment to supporting high-impact cases. Member law 

enforcement bureaus participating in the Fund have met or exceeded the performance 

target since FY 2014. 

For FY 2022 and FY 2023, the target will remain at 80 percent. The Fund maintains a 

target of 80 percent because some cases may be important to pursue, even if they are 

not high-impact cases and result in deposits of less than $100,000. 

Section III – Additional Information 

A – Summary of Capital Investments 

A summary of capital investments, including major information technology and nontechnology investments, can be accessed at: https://www.treasury.gov/about/budgetperformance/Pages/summary-of-capitalinvestments.aspx.