sounds like a persons worst nightmare! Years ago I knew a couple who had done some off shore investment thing that turned out to be illegal... they lost everything... their business, their house, their savings... poof! everything gone.
They can do that? If so, it certainly screws up my plans for Lownumba's Welcome House for Senile Dopes with Lots of Money. P.S.: Comments such as "At least, you can still go there" are not necessary.