I always here about companies getting fined for violating some law or another. Where does the money end up? Is there a way to track it?
2006-10-06 08:34:32 · 5 answers · asked by Anonymous in Business & Finance ➔ Corporations
The fine does not always all go into the General Fund. Around here a big chunk goes to the Attorney General's office because he is the one who pushed the issue when someone complained. That is why the AG office has a high budget, because someone complained that the state's "unit pricing law" was being violated by Home Depot when they failed to put a barcode tag on each nail being sold in bulk. We pay more now but the AG collects.
2006-10-06 08:45:47 · answer #1 · answered by Rich Z 7 · 0⤊ 0⤋
The fines are usually so low, that they encourage the companies to just keep doing it.
Look at Blockbuster...guilty of overbilling to $500,000,000(1/2 Billion dollars). What did you and I get? Not our money returned, just a cheesy coupon, and the lawyers run with the $$$$$$$$$$$
2006-10-06 08:54:17 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The bureacracy that levies the fine is the one that gets it, and the money is usually put in the general fund... You would have to track it by demanding information from the bureacracy in question...
2006-10-06 08:38:39 · answer #3 · answered by morlock825 4 · 0⤊ 0⤋
Used for futher enforcement/investigation or related consumer/employee educational services by the govt.
Example: Indiana uses fines they collect from investment scam artists to educate Indiana on scams....see the link.
2006-10-06 08:40:56 · answer #4 · answered by Robert 5 · 0⤊ 0⤋
Well,it depends.If a company,i.e. Irving,was to be fined,it would go to the government.But if someone was suing a company,it would go to that person.
2006-10-06 08:42:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋