There is no European Fund for victims of fraud.

The European Commission website shows that all member states must have a national scheme in place (ref. new EU legislation adopted 29 April 2004). If you read on you can find that this only applies to violent crime i.e. 'a physical attack on the person, a wounding or a sexual offence'.

The European Mediation co. are quoting 'section 706/14' on the European Commission civil justice section of the website. This refers you to the information and small print above.