U.S. seizes largest ever embezzlement by foreign dictator

The Justice Department is moving to seize more than half a billion dollars of allegedly corrupt proceeds from former Nigerian dictator Sani Abacha and his associates, in what officials called the largest such action in U.S. history.

The U.S. has frozen more than $458 million in bank accounts around the world and seeks to recover at least $100 million more, according to the Wall Street Journal.

The seizure is part of a kleptocracy initiative, aimed at recovering money dictators allegedly looted from their countries.

Read more from the Wall Street Journal.