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A stumbling block to settlements was the fact that many of the World Trade Center victims were highly compensated financial professionals. Families of these victims felt the compensation offers were too low, and, had a court considered their case on an individual basis, they would have been awarded much higher amounts.
The United States Crime Victims Fund, administered by the Office for Victims of Crime, is used to recompense victims of offenses against U.S. law. [1] [2] [3] The fund was established as part of the 1984 Victims of Crimes Act.
The Office for Victims of Crime, established by the Victims of Crime Act (VOCA) of 1984, administers the Crime Victims Fund. The fund is financed by fines paid by convicted federal offenders. As of September 2013, the Fund balance had reached almost $9 billion.
The fund has already paid out more than $4.3 billion to nearly 41,000 victims in 127 countries following the uncovering of the multibillion-dollar scheme in December 2008, the department said.
In the aftermath of the attack, the American Red Cross' Liberty Fund amassed $547 million in donations. The charitable organization halted the collection of donations in October 2001, announcing that the monies pledged would be enough to cover immediate and longterm efforts to support the victims of the attack. [3]
Thousands of crime victims each year are confronted with the difficult financial reality of state compensation programs that are billed as safety nets to offset costs like funerals, medical care ...
Blood money is, colloquially, the reward for bringing a criminal to justice. A common meaning in other contexts is the money-penalty paid by a murderer to the kinsfolk of the victim. These fines completely protect the offender, or the kinsfolk thereof, from the vengeance of the injured family.
Luxembourg offers compensation for victims who have suffered physical injuries from crime. Compensation is only paid out in instances were victims were unable to obtain adequate compensation from insurance, social security or from the offender. In 2012, over 405,000 Euro was paid out in compensation, exceeding the budgeted amount of 350,000.