Restitution Payment for Suffering from Fraud

restitution paymentThe principle of restitution is an integral part of virtually every formal system of criminal justice. It holds that, whatever else society does to punish its wrongdoers, it should also insure that the criminal is required, if possible, to restore the victim to his or her prior state of well-being.

The restitution payment by perpetrators can mark the end of a financial nightmare for fraud victims. It not only serves to right a wrong, it often allows them to return to whatever level of financial security they enjoyed before the crime. The biggest dream for those who have suffered from financial crime is getting some money back, preferably from the people who stole it from them.

However, in reality, very few fraud perpetrators actually pay the restitution payment. Many perpetrators will have spent the money and have no discernible resources with which to repay victims. In other cases, perpetrators will have placed assets in the names of others or hidden money in offshore accounts, so victims usually collect only pennies on the dollar of what they are owed, or get nothing at all.

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