[rst]

There would be precedent, in the form of cash seizure "civil forfeiture" proceedings at both the State and Federal level:

http://www.newyorker.com/reporting/2013/08/12/130812fa_fact_...

[marvin]

Asset forfeiture is, and always has been, a clear violation of the rule of law. (A suspect is innocent until proven guilty). Precedent or no.