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Exact(44)
A portion of his earnings is to go toward a $44 million court-ordered restitution fund.
The problem is the very idea of the restitution fund itself.
After an international blowup that sullied their reputation, the banks settled the matter by creating a $1.25 billion restitution fund.
And the ever-popular Representative Michele Bachmann denounced the BP restitution fund as "redistribution of wealth" and "one more gateway for government control".
Twenty-five dollars was taken out of his paycheck every three months and paid into a restitution fund for his victims.
She performed community service and paid money toward a general restitution fund that benefits crime victims, and the case was dismissed.
Similar(16)
Such questions aside, restitution funds in cases like this simply set a bad precedent.
Prior experience with similar restitution funds, like the one created for investors in the fraudulent limited partnerships that Prudential Securities sold in the 1980's, has shown them to be complex and costly.
This time the seller of the inviting aerie, PHA, is not the federal Justice Department seeking restitution funds for victims of Mr. Madoff's $65 billion Ponzi scheme, and the asking price is not $9.9 million (later trimmed to $8.9 million, a reduction that prompted a spate of offers despite the building's ho-hum location on a busy corner at Lexington Avenue).
Other beneficiaries include victims' restitution funds and inmates' children; anything left over goes into prisoners' pockets.
Help them complete applications for reimbursement for losses from victim restitution funds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com