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Tacoma, WA
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AARP Advocating for State Fraud Restitution Fund

Posted on 02/03/25

AARP is committed to combating fraud by educating people about current trends, advocating for improved consumer protections, and enforcing laws.

AARP Minnesota is pushing for the passage of legislation to create a bi-partisan Consumer Fraud Restitution Fund (SF 447, Rest; Carlson; Koran; Klein; Dornink | HF 1392, Lee K.; Freiberg; Kozlowski; Mueller; Roach) for victims of fraud, modeled after the federal Consumer Financial Protection Bureau Civil Penalty Fund. This initiative aims to provide financial relief to those who have fallen prey to scams and would be particularly beneficial for older adults who are no longer working and need financial recovery. Urging state lawmakers to establish such a fund is a top AARP legislative priority in 2025.

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The Fund would be managed by the state Attorney General’s (AG) office and is seen as crucial for cases where the perpetrator is overseas or bankrupt. Currently, excess money from civil penalty payments in fraud cases won by the AG's office goes into the state’s general fund. The proposed restitution fund would redirect these funds to help fraud victims recover their losses.

Getting money back to people will give AG a reason to go after scammers and incentivize more people to report financial crimes if they know they could get their money back.  To receive funds, the AG would have to bring a case against a defendant as a public enforcement action and obtain an order from the court based on the AG’s investigation establishing that the person was defrauded.  

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It’s an idea we completely support. Such a fund is particularly vital in cases where the perpetrator is overseas or bankrupt.
Jessica Whitney, Minnesota Deputy Attorney General

According to the Federal Trade Commission, Minnesotans reported losses totaling $144.6 million in 2024.

Minnesota Scam Stories
Hear from older Minnesotans about the impact of frauds and scams.

At least six states have created some form of state-level restitution for victims of investment frauds and scams, an idea AARP is advocating for in more states, says Chad Mullen, AARP’s national director of financial security.

This proposed legislation represents a significant step towards providing much-needed financial relief to fraud victims in Minnesota.

You can learn about the Fraud Restitution Fund and how you can help by watching The People’s Rally: Minnesotans Speak Out Against Fraud and unite to fight back.

The People’s Rally: Minnesotans Speak Out Against Fraud

If you can spot a scam, you can stop a scam.
The AARP Fraud Watch Network™ provides free information, tools and tips to help you protect your hard-earned dollars from frauds and scams. AARP Minnesota advocates at the state, federal, and local levels to improve consumer protections and enforce laws. If you've been targeted by scams or fraud, you are not alone.
Stay Informed
Get reliable, up-to-date insights, alerts, and fraud prevention resources.
Find Support
The AARP fraud helpline, 877-908-3360, is free and available to anyone. We also offer online support sessions for further emotional support.
Have a Voice
We advocate for laws and regulations to stop scams and shut down fraud attempts. Share your concerns and help shape the public discussion on fraud.

Text FWN to 50757 to get regular updates on the latest scams by signing up for biweekly Fraud Alerts.
Message and data rates may apply. Terms apply: https://aarp.info/tcofr

This story is provided by AARP Minnesota. Visit the AARP Minnesota page for more news, events, and programs affecting retirement, health care, and more.

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