Reposted from Mirror on line
You’d be pretty angry if you had a £200 bicycle stolen and only got 52p back.
But that is the average success rate the British government has with recovering the proceeds of crime in the UK.
Only 26p from every £100 of criminal proceeds was confiscated back by the government in 2012-13.
The criminals who make the biggest thefts, get away with the most
Another striking fact about fraud in the UK? The people who steal the most are also the most likely to get away with it.
The payment rate for confiscated funds of up to £1000 is much higher (89%) than for confiscated funds between £1m and £50m. Across all different services, only 18% of confiscation orders for fraud between £1m-50m are successful.
This chart from the National Audit Office shows how successful confiscation orders are.
Prosecutions seem to hit small-scale criminals much harder than people fraudulently attaining huge sums of money.
How one trader paid just £200,000 on £1bn of crime profits
In one case study written up the National Audit Office, a precious metals trader paid only £200,000 on criminal profits of £1bn. He is currently serving a seven-year default sentence for non-payment, but a network of trust funds, and fake companies means that the public have only got back £200,000 of a £20million confiscation order. He is estimated to have made £1billion from his crime.