The Fairfax County Police in Virginia like to show off a shiny BMW sedan, painted in the full colors of a FCPD patrol car (absent the light bar). The car's vanity plate reads "SEIZED".
I get dyspeptic every time I see it.
In 2010, the Institute for Justice produced a lengthy report, Policing for Profit: The Abuse of Civil Asset Forfeiture
. The report includes a state-by-state summary of civil asset forfeiture in each of the several states.
As for poor "Fred," some, though not all, jurisdictions have an "innocent owner" provision which allows the property owner, at some inconvenience, expense, and effort, to prove he was unaware his property was being used in a criminal act.