How much money do victims of gemstone fraud get back?

After payment of lien holders and other non-culpable claimants, the net proceeds of sale of forfeited property will provide a pool of approximately $4 million from which to compensate the more than 300 victims. In the criminal prosecution of a Canadian gemstone scheme, United States v.

How much money was taken from a fraud victim?

Using the forfeiture laws, federal agents seized her bank accounts as well as a GMC Yukon, which was bought with $32,000 of the victim’s money, along with tens of thousands of dollars worth of clothing.

How to get money back from a crime victim?

Civil cases are private matters. You have to initiate the action and hire a lawyer at your own expense. Contact your state or local bar association or the National Crime Victim Bar Association www.victimbar.org for the names of attorneys who specialize in this area of law to determine if your case is appropriate for civil action.

When does restitution begin for a fraud victim?

“I’d rather spend a million dollars fighting extradition than paying it back in restitution to the victims”. There have been attempts to deal with this problem by assigning fraud investigators to track the assets of suspected perpetrators before they are indicted. Most restitution payments begin only after the defendant is released.

What’s the best way to charge someone with embezzlement?

This allows the prosecutor to charge the defendant with one embezzlement crime (and the judge to impose one sentence), rather than bring to trial many small embezzlement crimes. This is helpful when the amounts embezzled were very small and occurred over a long period of time.

What are the penalties for embezzlement in the second degree?

The embezzled property or money is worth more than $20,000. Penalties include a fine of up to $25,000, up to ten years in prison, or both. Theft in the second degree. The embezzled property or money is worth more than $300, but not more than $20,000.

What are the penalties for embezzling money from a business?

Penalties At-A-Glance. As a class 1 misdemeanor, penalties include a fine of up to $2,500, up to six months in jail, or both. $1,000 or more, but less than $2,500 in value, theft of a firearm, or theft of an animal taken for the purpose of animal fighting. As a class 6 felony, penalties include up to one year in jail.

Who is responsible for embezzling money from a company?

Officers and employees of companies can also embezzle funds belonging to the company, as can family members caring for a relative, professionals like lawyers or board members who handle client or investor money, or anyone in a position of trust with regard to someone else’s money or property. How is Embezzlement Punished?