seems legislation that would streamline the seizure and liquidation process for russian billionaires assets. the legislation would make it a new crime quote, to knowingly or intentionally possessed proceeds directly obtained from corrupt dealings with the russian government. the proposal would quote, improve the united states ability to use forfeited oligarch funds to remediate harms caused by ukraine, by russian aggression. the proposal would also double the statute of limitations from five years to ten years in money laundering prosecutions. joining us now is steven welker, former federal prosecutor and chief of asset forfeiture for the central district of california. thank you very much for joining us tonight. when we look at that 90 million dollar russian yacht that could be the first one on the block for the united states. how does that work? assuming they get to the point or the united states has
improve the united states ability to use forfeited oligarch funds to remediate harms caused by ukraine, by russian aggression. the proposal would also double the statute of limitations from five years to ten years in money laundering prosecutions. joining us now is steven welker, former federal prosecutor and chief of asset forfeiture for the central district of california. thank you very much for joining us tonight. when we look at that 90 million dollar russian yacht that could be the first one on the block for the united states. how does that work? assuming they get to the point or the united states has established to its satisfaction that it has the authority to sell that thing. how do they auction it off? the way they auction off an asset that s with this kind of value is this pretty much the same way that a commercial