What are the consequences of investment fraud?

Investment fraud in Virginia can lead to serious consequences. Depending on the severity of the fraud, these consequences may include fines, jail time, and other consequences. The Virginia General Assembly has passed a law that makes investment fraud a felony in Virginia. If convicted, a person can face jail time of up to 20 years, plus fines of up to $100,000. If the fraud is especially egregious, or if the perpetrator has a prior conviction for fraud, the jail time and fines can be even higher. In Virginia, the courts also have the power to order restitution for victims of investment fraud. This means that the perpetrator must pay back the stolen money, plus any interest, to the victims. Additionally, court-ordered restitution can also include paying for any attorney’s fees or other costs incurred by the victims in defending themselves against the fraud. Other than legal consequences, a person who is convicted of investment fraud may experience reputational damage as well. It is likely that their name and details of their crime will be made public, and this could lead to people being less likely to trust them or do business with them. Overall, investment fraud is taken very seriously by the government and courts of Virginia, and perpetrators can expect to receive serious consequences if caught and convicted.

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What are the consequences of investment fraud?

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