Restitution of Victims: Funds as Legal Remedy for Consumer in Illegal Digital Investments
DOI:
https://doi.org/10.30742/perspektif.v31i1.999Keywords:
digital investment, cyber, fund, financial assetAbstract
In this globalization era, digital investment has become a highly practical alternative for people to invest. This Research Discusses About refunding victims funds as a legal remedies for consumers in illegal investments. There are 3 (three) cases that have similarities, namely the illegal investment fraud mode in Indonesia. This article focused to analyze characteristics of fraudulent investments in digital investments. This article used normative research method with a statute approach, a conceptual approach, and a case approach. The results of the study indicate that digital investment players have shown significant growth in the trading volume of digital assets, such as cryptocurrencies. However, while the digital investment model offers enormous potential, there are also several risks related to market volatility and regulatory uncertainty. Restitution of victims funds as a legal remedy for consumers in illegal investments, as a form of legal protection for victims of illegal digital investment fraud, is a form of protection for the community. This can be realized in various forms, such as fulfilling victims rights, namely compensation, something given to the party who suffered a loss proportional to the amount of the loss.
References
Regulation:
Law Number 10 of 1998 concerning Amendments to Law Number 7 of 1992 concerning Banking, State Gazette of 1998 Number 182, Supplement to the State Gazette Number 3790.
Law Number 8 of 1999 concerning Consumer Protection, State Gazette of 1999 Number 42, Supplement to the State Gazette Number 3821.
Law Number 8 of 2010 concerning the Prevention and Eradication of Money Laundering Crimes, State Gazette of 2010 Number 122, Supplement to the State Gazette Number 5164.
Law Number 10 of 2011 concerning Amendments to Law Number 32 of 1997 concerning Commodity Futures Trading, State Gazette of 2011 Number 79, Supplement to the State Gazette Number 5232.
Law Number 17 of 2012 concerning Cooperatives, State Gazette of 2010 Number 122, Supplement to the State Gazette Number 5164. 2012 Number 212, Supplement to the State Gazette Number 5355.
Law Number 7 of 2014 concerning Trade, State Gazette Number 45 of 2014, Supplement to the State Gazette Number 5512.
Law Number 31 of 2014 concerning Amendments to Law Number 13 of 2006 concerning Protection of Witnesses and Victims, State Gazette Number 293 of 2014, Supplement to the State Gazette Number 5602.
Law Number 19 of 2016 concerning Amendments to Law Number 11 of 2008 concerning Electronic Information and Transactions, State Gazette Number 251 of 2016, Supplement to the State Gazette Number 5952.
Law Number 4 of 2023 concerning Development and Strengthening of the Financial Sector, State Gazette Number 4 of 2023, Supplement to the State Gazette Number 6845.
Law Number 1 of 2023 concerning the Development and Strengthening of the Financial Sector, State Gazette Number 4 of 2023, Supplement to the State Gazette Number 6845. 2024 concerning the Second Amendment to Law Number 11 of 2008 concerning Electronic Information and Transactions, State Gazette of 2024 Number 1, Supplement to the State Gazette Number 6905.
Government Regulation Number 57 of 2001 concerning the National Consumer Protection Agency.
Regulation of the Minister of Cooperatives and Small and Medium Enterprises Number 9 of 2018 concerning the Implementation and Development of Cooperatives.
Commodity Futures Trading Supervisory Agency Regulation Number 5 of 2019 concerning Technical Provisions for the Implementation of Physical Crypto Asset Markets on Futures Exchanges.
Regulation of the Financial Services Authority of the Republic of Indonesia Number 27 of 2024 concerning the Implementation of Digital Financial Asset Trading, Including Crypto Assets.
Financial Services Regulation Number 39/POJK.04/2014 concerning Mutual Fund Selling Agents.
Books:
Dewi, Eli Wuria. Hukum Perlindungan Konsumen. Yogyakarta: Graha Ilmu, 2015.
Mansur, Dikdik M., Elisatris Gultom, Arief. Urgensi Perlindungan Korban Kejahatan Antara Norma dan Realita. Jakarta: Raja Grafindo Persada, 2007.
Marzuki, Peter Mahmud. Penelitian Hukum. Jakarta: Pranada Media Group, 2019.
Maskun. Kejahatan Siber (Cyber Crime): Suatu Pengantar. Jakarta: Kencana, 2014.
Nasution, AZ. Hukum Perlindungan Konsumen: Suatu Pengantar. Jakarta: Diadit Media, 2007.
Suhariyanto, Budi. Tindak Pidana Teknologi Informasi (Cybercrime) Urgensi Pengaturan Dan Celah Hukumnya. Jakarta: Rajawali Pers, 2012.
Journal:
Chen, Shirley S. Ho and M. O. Lwin in, Liang. “A Meta-Analysis of Factors Predicting Cyberbullying Perpetration and Victimization: From the Social Cognitive and Media Effects Approach.” New Media & Society 19, no. 8 (2019): 182.
Effendi, Erdianto. “Penjatuhan Pidana Ganti Rugi Sebagai Pidana Pokok Dalam Kejahatan Terhadap Harta Benda.” USM Law Review 5, no. 2 (2022): 624.
Saragih & Bagaskar, A.E. “Perlindungan Hukum Terhadap Konsumen Dalam Transaksi E-Commerce.” Civilia: Jurnal Kajian Hukum dan Pendidikan Kewarganegaraan 2, no. 2 (2023): 414.
Syarhan, Mohamad. “Socio-Cultural and Legal Changes in Indonesia.” Jurnal Hukum Progresif 9, no. 2 (2021): 135.
Website:
Guritno, Tatang. “Berbagai Kasus Investasi Bodong Yang Diungkap Polisi: Binomo, Quotex, Fahrenheit, dan Evotrade.” Kompas, 2022.
Jasa Keaungan, Otoritas. “Waspada Investasi Ilegal.” OJK, 2022.
Kuswandi. “Gugatan Skema Ponzi Rp 1 T Dikabulkan, Aset 22 Korban Dikembalikan.” Jawa Pos, 2022.
Warta. “Peneliti UGM: 66,6% Masyarakat Di Indonesia Jadi Korban Penipuan Digital.” Pos Jateng, 2022.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Attribution-ShareAlike 4.0 International (CC BY-SA 4.0) License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
The Authors submitting a manuscript do so on the understanding that if accepted for publication, copyright of the article shall be assigned to jurnal PERSPEKTIF and Research Institutions and Community Service, Wijaya Kusuma Surabaya University as publisher of the journal.
