Police officials working in London are preparing to launch a new program to compensate for the damages of fraud victims with an international law firm. The program aims to recover the assets lost by the victims, especially in cases where the judicial process does not work.
The purpose and scope of the program
The City of London police plans to conduct civil asset recovery work to recover the losses experienced by the victims within the framework of the cooperation with the international law firm Gowling WLG. The implementation of this program has been designed to examine the assets seized by organized crime groups.
Pilot project and real example
The beginning of this cooperation was announced after a successful pilot project. In the pilot study, an elderly victim with Alzheimer’s patients had damaged more than 2 million pounds as a result of fraud. The example event came to the forefront as an indication of how wide the program could have an impact. This attempt can encourage victims to seek more rights.
In the first half of 2024 in the UK, the losses due to fraud was over 570 million pounds said. This figure reveals the seriousness of fraud cases in the country and the importance of being on the side of the victims.
Gowling WLG manager Bríd Holden, cooperation will raise awareness of fraud victims, he said.
“We hope that the work with the City of London police will change the situation and more victims will report the fraud.” – Bríd Holden
Detective Chief Inspector Craig Mulllish, one of the police officials, mentioned the long -term effects of being able to compensate for the losses of the victims, as well as the ideal result being judicial decisions.
“A judicial decision can be considered as the most appropriate result, but the victim is caused by the lost effect on the victim. This essay with Gowling WLG offers a concrete step in eliminating the injustice of the victims.” – Detective Chief Inspector Craig Mullish
The regular process to be created within the scope of the program aims to help the victims of fraud to get the compensation they deserve and to prevent losses caused by organized crime. It is evaluated that the application of the application to expand with similar examples in the future is evaluated that it may increase the importance of such studies.
Especially with the spread of crypto currencies, the number of frauds made with the promise of boiler increased. However, in the scenario of the scammers in this theme, wallets can be seized in residential searches, and the possibility of damage is increasing. This legal support is an important step to compensate for the losses of victims in the country.
This program aims to provide structural solutions that can contribute to the decrease in the psychological effects they have experienced in addition to the financial damage faced by the victims. This partnership made by the relevant institutions may be a guide in eliminating the grievances of people who have faced similar situations in the future.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
