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Markets

DOW (DIA) $523.28 +0.06%S&P 500 (SPY) $769.66 +0.56%NASDAQ 26,478 +1.18%10Y 4.99% -1 bpBITCOIN $81,030 +0.15%NASDAQ 100 (QQQ) $721.25 +1.27%30Y MORTGAGE 7.32% -0.08Palestinian activist Mahmoud Khalil discusses memoir at Columbia University Cyclone Arnab brings heavy rain and disruption to India's east coast House Speaker Mike Johnson expects peaceful transfer of power on Jan 3 Violent crime drops significantly in 2025 under President Trump Partnerships between ICE and local police double in eight months Flávio Bolsonaro arrives in US days after Brazil election defeat Latino voters could decide key California ballot initiatives Hometown roots, civic push: Elizabeth City natives host voting awareness nightDOW (DIA) $523.28 +0.06%S&P 500 (SPY) $769.66 +0.56%NASDAQ 26,478 +1.18%10Y 4.99% -1 bpBITCOIN $81,030 +0.15%NASDAQ 100 (QQQ) $721.25 +1.27%30Y MORTGAGE 7.32% -0.08Palestinian activist Mahmoud Khalil discusses memoir at Columbia University Cyclone Arnab brings heavy rain and disruption to India's east coast House Speaker Mike Johnson expects peaceful transfer of power on Jan 3 Violent crime drops significantly in 2025 under President Trump Partnerships between ICE and local police double in eight months Flávio Bolsonaro arrives in US days after Brazil election defeat Latino voters could decide key California ballot initiatives Hometown roots, civic push: Elizabeth City natives host voting awareness night

San Diego

San Diego business owner sues federal agencies over seized cash

Global Coin Logistics CEO files lawsuits claiming wrongful seizure of over $1 million by DEA and CBP.

Oct 27, 2026, 8:19 PM By the Genius Eye newsroom (City Reporter) · Fact-checkedHow we report

Photo: Rufustelestrat / CC BY 2.5, via Wikimedia Commons

Steven Bailey, CEO of Global Coin Logistics in San Diego, has filed federal lawsuits against the Drug Enforcement Administration (DEA) and Customs and Border Protection (CBP).

According to FOX 5 San Diego, Bailey accuses these federal agencies of wrongfully seizing more than $1 million through civil asset forfeiture.

The lawsuits claim the agencies took the money without alleging any specific crimes related to the funds.

This legal action highlights ongoing concerns about the use of civil asset forfeiture by federal authorities in San Diego.

The case is pending in federal court, and further developments are expected as the lawsuits proceed.

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Sources

FOX 5 San Diego: Business owner accuses federal agencies of wrongfully seizing cash in San Diego

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