I’m watching the docuseries Love Rats on Netflix, a series about people who have been scammed out of thousands of pounds by their partners / friends etc. It’s a UK series, if it’s not available elsewhere think of it like Tinder Swindler – mostly women meeting men via online dating who then aren’t who they say they are and manage to scam them out of a significant amount of money.
A lot of these people have lost so much, £50,000-£200,000, and none of them are able to get any back even if the person committing fraud against them has been arrested and charged – why is that?
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To get money back you need 1 of 2 things:
1 – insurance — the insurance will pay you for money lost due to xyz. There isn’t fraud insurance in that sense.
2- a lawsuit happens causing a party to have to pay you back. For example if I sue google for 100 million, and win, google will pay me (abit kicking and screaming) because google has far more than that in their bank and earns more per day.
If I was to sue joe schmoe who owes me money, if he has no assets equaling what he owes, he may end up in jail for fraud, but that money isn’t really coming from anywhere. Furthermore if I am not mistaken, in freedomland (usa), you cannot force a person to sell the house he lives in to pay off court debt, though you can put a lien on that house.
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