Law regarding recovering money from investment fraud.

[Crayons]

Hello.

If someone scams a victim and convinces them to make a bank transfer into an account of a third party, and the venture is later widely acknowledged as being fraudulent, what is the law regarding the return of said money- if that third party refused to refund it?

Any thoughts?

Many thanks,.

[des8]

Any more details regarding the circumstances, or is this hypothetical for study purposes?

[james_law]

As said more information is needed.

The bank could step in and refund it but this is on the basis that the victim could not have 'reasonably' prevented the scam and also the two banks failed to follow procedure.

The courts could step in as fraud is a criminal offence and could quite likely set the foundation for a civil claim to recover the money. (this is dependent on a number of factors).