Victims can claim up to a maximum of €20,000 which, of course, is mere chickenfeed in comparison to what has been lost.
Some victims have lost everything including their homes and any means of providing for themselves in retirement.
One woman lost close to half a million so twenty grand, if she gets that, will mean little.
Meanwhile, the fraudsters responsible are still walking the streets enjoying the same rights and freedoms as law-abiding citizens.
The Garda Fraud Squad is, allegedly, investigating the matter but victims would be strongly advised not to hold their breaths.
What we seem to be witnessing here is the usual response to alleged white-collar crime in Ireland.
The matter is shunted into a sideline allowing so called regulators; police and politicians to wash their hands of responsibility while the victims are left to suffer the consequences.