To: The Connecticut State House, The Connecticut State Senate, and Governor Ned Lamont
Repeal Asset Protections for Individuals Found Guilty of Fraud
Please repeal asset protections for individuals who have been found guilty of fraud, in order to ensure that everyone’s right to access justice, as protected by the 7th Amendment, will once again stand.
Why is this important?
Several years ago, after having purchased a small business after engaging in all due diligence recommended by my attorney and accountant, I nonetheless lost approximately half a million dollars – my home and all my savings – due to what five attorneys who reviewed my case confirmed was clearly a case of fraud that I would almost certainly have won in a court of law. I could not prosecute, however, because I no longer had the money to pay an attorney, and no one would take the case on contingency because the numerous asset protection laws currently in place for those convicted usually allow very little if any part of a monetary judgment to actually be collectible. I am now a mid-50s single parent living paycheck to paycheck in a poor economy – no more home, retirement fund or college fund for my child - and I am far from the only individual who has experienced this type of loss with no practical recourse.