Disgorgement

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Disgorgement

Stolen money that must be repaid to victims of theft, fraud, or some other financial crime. That is, when a person or business has made profits through illegal or unethical means, it must pay disgorgement plus interest to all victims in so far as it is possible. This is done to attempt to restore the status quo before the illegal or unethical actions were committed. The perpetrator must pay disgorgement over and above any punitive damages that have been assessed.
References in periodicals archive ?
The company also agreed to future monetary payments of up to $175 million and to disgorge additional profits should it fail to adhere to timelines established in the consent decree.
Can disgorge verbal gems at the drop of a hat on football.
The batch tends to self-feed immediately and then disgorge before being taken in again on a repeating cycle until the batch remains within the rotors.
Wall Street, real estate and certain lending professionals should disgorge $120 Billion in bonuses and fees fraudulently earned.
Google should be forced to disgorge its monopolistic gains through the imposition of substantial financial penalties.
Foreign Corrupt Practices Act (generally prohibits bribing foreign officials) and pay criminal fines and disgorge profits in an amount over US$137 million in order to avoid criminal prosecution and an SEC enforcement action in connection with its actions in Costa Rica and in other countries.
For example, in a case where a corporation raised millions of dollars through the use of false financial statements, it could be required to disgorge the wrongfully obtained funds and fined an equal, additional amount.
These pirates of the sea bird world are a spectacular sight as they chase other sea birds and force them to drop or disgorge their latest catch,before swooping down to grab its ill gotten gains.
Reverse mortgage systems could encourage the elderly to disgorge land and other assets to local authorities.
Pacific storms that roll onshore slam into this barrier and disgorge their precipitation in a gush.
These were Skuas, large predatory seabirds that make their living chasing other seabirds and making them disgorge their food.
All was driven by an extravagant Whitmania: Gulp down the world, reshuffle it electronically, and disgorge it in a pride of monitors.