Financial Crime (From National Victim Assistance Academy, P 16.1 - 16.26, 2000, Anne Seymour, Morna Murray, eds. et al., -- See NCJ 184052)

• NCJ Number: 184073
• Author(s): Debbie Deem; Morna Murray; Mario Gaboury; Christine Edmunds
• Date Published: 2000
• Length: 26 pages
• Sponsoring Agency: Office for Victims of Crime (OVC)
• Sale Source: NCJRS Photocopy Services; OVC Resource Ctr
• Publication Series: OVC Others
• Publication Format: Document
• Publication Type: Issue Overview
• Language: English
• Country: United States of America

Annotation

This chapter examines the needs of victims of financial crime as well as the services and resources available to those individuals.

Abstract

The initial emphasis of the victims’ rights movement focused on serious violent crime, and paid little attention to financial crime victims. There was a lack of research and understanding regarding the serious emotional impact of these crimes, a lack of consistency in the response of law enforcement and victim services, and no organized constituency group advocates. Criminal justice officials have begun to recognize that victims of financial crimes such as telemarketing or investment fraud, identity theft, and financial exploitation have many of the same needs as victims of violent crime. Victims of financial crime may suffer severe psychological and financial, and sometimes physical, effects. They require assistance and intervention that takes into account their particular needs and the unusually complex nature of their cases. The chapter discusses legal, programmatic and definitional issues in financial crimes; needs of victims of financial crime; innovative services at the local, State and Federal levels to address each type of financial crime; collaborative methods for handling cases involving financial crime; and promising practices in response to financial crimes. References