Convict Rehabilitation Program in Investment Fraud

DOI

10.2991/978-2-38476-164-7_63How to use a DOI?

Keywords

convict rehabilitation; investment fraud; and penitential

Abstract

Investment fraud has increased recently in Indonesia and created victims on a massive scale, such as First Travel, Binomo, and Quotex. Cakrabuana Sukses Indonesia (CSI) occurred earlier than the three cases. The court decided this case in 2017 and immediately had permanent legal force because the two convicts did not take any legal action. In February 2023, both of the convicts finished serving their prison terms, though the sentence for asset forfeiture had yet to be fully executed. This paper aims at two things: the first is to reveal how the two convicts have passed the rehabilitation program, and the second is to explain the urgency of the special program for investment fraud convicts. This writing is socio-legal research with primary data from the Cirebon Detention Center, the Cirebon Rehabilitation Center, the Cirebon District Public Prosecutors Office, the Cirebon District Court, and the Cirebon Financial Services Authority. The secondary data on this research are obtained through a literature review related to investment fraud and convict rehabilitation. The results of the study show that the two convicts receive the same rehabilitation program as convicts in general. There is no involvement of related institutions such as the Cirebon Financial Services Authority and no monitoring from the Sumber District Court. The idea of providing a rehabilitation program for investment fraud convicts is relevant. The idea supports investment fraud prevention and has been accommodated in Article 54 of the Penitentiary Law with the condition that they are constructed as high-risk prisoners.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Kuat Puji Prayitno
AU  - Dwiki Oktobrian
AU  - Aura Salsabila Ayodya Swastiko
AU  - Rakha Nazmi Alfauzan
PY  - 2023
DA  - 2023/12/21
TI  - Convict Rehabilitation Program in Investment Fraud
BT  - Proceedings of the 3rd International Conference on Law, Governance, and Social Justice (ICoLGaS 2023)
PB  - Atlantis Press
SP  - 691
EP  - 703
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-164-7_63
DO  - 10.2991/978-2-38476-164-7_63
ID  - Prayitno2023
ER  -