Relief for financial fraud victims: is handling it alone sufficient?

The financial fraud victim relief process does not end merely with a request for payment suspension or a police report.

At the outset, you must request a payment suspension from the relevant financial institution and file a fraud report with the police, but the steps that follow, such as applying for relief from the Financial Supervisory Service, assembling evidence according to the type of case, and deciding whether to pursue additional civil action, are far more complex than one might expect.

In particular, the financial fraud victim relief process leads to a refund procedure only where 'the fraudulent act is clear,' and in most cases the victim cannot organize the supporting evidence on their own, so the application is rejected or, after mere delays, is abandoned.

Moreover, where almost no balance remains in the affected account, meaningful recovery is difficult through a criminal complaint alone, so genuine recovery of the loss becomes possible only when you also review, in parallel, a lawsuit for the return of unjust enrichment or a preservative measure against property held in the name of the financial fraud perpetrator.

Daeryun's attorneys specializing in criminal cases analyze whether a case will end with a simple payment suspension, whether there is a possibility of a refund, and whether the structure calls for additional litigation, and then guide you on how to respond.

If you are unsure about the step-by-step process or wish for a swift recovery, seeking the assistance of an attorney with extensive experience in financial fraud victim relief can be a practical solution.