Final answer:
The victims of the fraud may be able to collect from the Recovery Account, but the specific amount depends on various factors such as jurisdiction and available funds. The Recovery Account may only cover a percentage of the total losses and may have a maximum cap per victim.
Step-by-step explanation:
In the case of Broker A defrauding people in a phony real estate investment scheme, the victims can potentially collect from the Recovery Account. The Recovery Account is a fund established to compensate victims of broker misconduct or fraud. However, the amount that can be collected from the Recovery Account may be subject to certain limitations.
The specific amount that can be collected depends on the laws and regulations of the jurisdiction where the fraud occurred, as well as the amount of funds available in the Recovery Account. In some cases, the Recovery Account may only cover a certain percentage of the total losses suffered by the victims. Additionally, there may be a cap or limit on the maximum amount that can be collected per victim.
To determine the exact amount that can be collected from the Recovery Account in this specific case, it would be necessary to consult the relevant laws and regulations, as well as any court rulings or settlements related to the fraud.