If someone steals lets say $100,000.00 from a bank or through embezzeling and gets caught, granted they will serve time in jail but if they never return back what is stolen, serve their time and say they are sorry does this make them repentant, should they be allowed to spend that money after they are released and benefit from it?
Since you are a Canadian resident, then Canadian Laws would apply.
That being said, when a person is convicted of what you claim, they are not allowed to benefit, which means that they cannot keep the money. So, they will not do their time and still have the money to spend.
All accounts are seized by either state or federal. The individual will never have access to wherever they put it. Not to mention, restitution is forced upon those individuals.