fraud

Politics & Government
2:42 pm
Mon August 27, 2012

Restitution fund issues first check

Indiana Sec. of State Connie Lawson announced Friday the Indiana Securities Restitution Fund paid its first relief check.

Two years after its creation, Indiana’s Securities Restitution Fund – which provides relief for victims of investment scams – paid out its first check, and Secretary of State Connie Lawson says there should be more to come.

A major reason why it took two years for a single check to be issued from the fund is timing: to be eligible for relief, the scam must have taken place on or after July 1, 2010. That's the date the law creating the fund took effect.

Secretary Lawson says the time between the crime and when the victim gets relief can be lengthy.

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