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In exchange for a €10 billion emergency aid package, Cyprus in March agreed to E.U. demands to effectively confiscate up to 60 percent of any depositor's holdings above €100,000 held in two of the country's largest banks, Bank of Cyprus and Laiki Bank.
The commission said in its report that people and businesses that held uninsured deposits at the two largest banks will see a "loss of wealth" as the government moves to confiscate up to 60 percent of their money to meet the terms of the bailout deal.
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Indeed, if Obama were genuinely interested in helping uninsured Americans purchase health care, he wouldn't be talking about imposing an individual mandate and confiscating up to $3,800 in penalties every year (as per the Baucus plan) from families that don't comply.
After World War I, the Yugoslav regime confiscated up to 50 percent of properties and encouraged settlement of the land by Serb volunteers and war veterans in Slavonia, only to have them evicted and replaced by up to 70,000 new settlers by the regime during the World War II.
Suspects have no right to legal representation and may have their property confiscated for up to seven days.
During the war musical manuscripts, printed music, books and instruments were confiscated, swept up as war trophies, lost or displaced under circumstances of crisis.
The custom office ended up confiscating our material because they wanted more money, and we did not want to bribe them more".
"Amber was confiscated and locked up to protect the incumbents," he says.Game of dronesShortly afterwards, financial pressure forced Mr Karem to sell Leading Systems to Hughes Aircraft, who in turn sold it to another defence contractor, General Atomics.
"Rich" signals that vast fortunes don't always last, and that a man who once owned millions of acres of oilfields and thousands of head of cattle could go so broke that even his water cooler and lawnmowers would wind up confiscated.
He claims to be fighting on behalf of the rural poor but much of the land he confiscated has ended up in the hands of his cronies.
Russian billionaires who criticize Vladimir Putin find their wealth confiscated and end up in prison.
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