As I read that, if you deal in illegal drug activity, you are subject to losing your property. Have I misread it?
True, but now with less notice and opportunity to be heard.
Yes, but that could be under presumption of guilt. Let’s say the ATF busts down your door. Mr. DaveA hasn’t touched so much as a bottle of beer in his entire life, but the ATF, presuming you’re a drug dealer because you have a fancy car and recently bought some halogen bulbs for your hydroponic indoor tomato garden, busts down your door in the middle of night, shoots your dog, stomps your cat to death, and throws a flashbang on your mother-in-law sleeping on the couch, burning her severely.
They find no drugs initially, but, not wanting to appear to have made a mistake, because, ya know, the government is NEVER wrong, they decide to plant a few bundles of black tar heroin in some luggage in your closet. They bring in the dogs, the dogs sniff out the smack, you get thrown in jail, your house is seized, and you brand new car is “administratively forfeited” as an “ill-gotten gain” from dealing in the smack.
You sit in prison for a few months, you get your day in court, they find you guilty of distribution, you spend a few decades in prison, your life is over. All because you wanted some tasty tomatoes without having to worry about the damn squirrels eating them in an outside garden.
It says ‘SUSPECTED”.
If you are Suspected of illegal drug activity...
Got 'too much' cash in a tin box? Gone.
Got 'too much stuff'? Gone.
You have to prove your stuff was legitimately yours (IOW, prove you have not been involved in illegal drug activity) before you can even think about getting your stuff back, by which time the coins are 'misplaced', the firearms 'lost', etc.
Good luck, citiZen!