The phrase "asset restitution" is correct and usable in written English.
It can be used in contexts related to the return of property or assets that were taken or lost, often in legal or financial discussions.
Example: "The government has implemented a new policy for asset restitution to ensure that victims of fraud can recover their lost investments."
Alternatives: "property recovery" or "asset recovery".
WASHINGTON — The mastermind behind an embezzlement scheme that took nearly $50 million from the District of Columbia's government was sentenced Tuesday to 17 and a half years in prison and ordered to pay more than $60 million in forfeited assets, restitution and taxes.
But the reality is that the government's focus on seizing Mr. Madoff's assets for restitution is unusual.
The state could seize assets for restitution.
The British already do not differentiate between asset forfeiture and restitution.
"It's tough if you are going after someone with very few assets to get restitution for consumers or justify the costs".
Money-laundering statutes generally carry stiffer penalties, are regarded more seriously by courts and make it easier for prosecutors to force defendants to forfeit assets and make restitution, said Robert G. Morvillo, a white-collar criminal defense lawyer in New York.
Wanting to use Nahin's assets to pay restitution to victims, authorities considered seizing about one dozen of Nahin's horses.
Beginning in the mid-1990s, Swiss and French banks and insurance companies paid hefty restitution for assets looted from Holocaust victims.
Legislation on the restitution of assets stolen by politicians passed by Switzerland last year will come into effect on 1 February.
He has been in prison since May 2010, when a judge found that he had misled the authorities and had failed to turn over certain assets toward his $1 million restitution to Detroit.
Like a similar enforcement buildup in response to the savings and loan crisis of the 1980s, this one will contribute far more than it costs to the federal Treasury through restitutions and asset recoveries, according to the Congressional Budget Office forecast.
