Victims of Fraud: Beyond Financial Loss

In one form or another, fraud schemes (commonly called white-collar crimes), cheat people out of as much as 40 billion dollars each year. Moreover, this does not include the dollar loss from scams such as insurance or Medicaid fraud. As bad as being swindled out of money can be for many victims, victims of fraud and their families can also suffer emotionally.

A deeper appreciation by allied professionals of the emotional, financial, and sometimes physical impact of fraud may help these victims receive more sensitive treatment by criminal justice system personnel. It is essential that victim advocates and allied professionals work together to understand the full range of fraud victims' losses and needs (emotional, physical, and financial), as they collaborate to better assist victims to participate throughout the criminal justice process. This understanding will help drive all allied professionals and promote healing and justice for victims of economic violence.

Some of the agency representative and allied professionals who may benefit from this video include sheriff/police-based advocacy programs, prosecutors, consumer protection agencies, community/business groups, and law enforcement groups who work with victims of fraud and financial exploitation, senior advocacy groups, regulatory agency representatives, judges, probation/presentence report investigators and other appropriate court personnel, public information officers/ media representatives, policy makers, and training officials who work with all disciplines listed above.

This 20 minute educational videotape and the companion resource guide entitled "Providing Services for White-Collar Crime Victims: A Resource for Victim/ Witness Coordinators", are available from the Office for Victims of Crime Resource Center at 800-627-6872. Please refer to NCJ# 170593 for this videotape, and NCJ# 170594 for the resource guide.

These resources were developed by the Police Executive Research Forum, in cooperation with a Department of Justice Ad Hoc Working Group and the Office for Victims of Crime.