If you can answer YES to all of the following questions, you are eligible to apply for payment from the Victims of Corporate Fraud Compensation Fund (VCFCF):
- Do you have one of the following judgments:
- A final civil judgment, judgment based on an arbitration award, or a criminal restitution order against a corporation for fraud, misrepresentation, or deceit, made with intent to defraud; or
- A final criminal restitution order against a corporation’s officer or director for fraud, misrepresentation, or deceit, made with intent to defraud?
- Is the civil judgment, judgment based on an arbitration award, or a criminal restitution order from a California court or a federal court sitting to conduct its affairs within the State of California?
- Were you a California resident at the time the fraud occurred?
- Will the application be delivered to the Secretary of State no more than 18 months after the judgment became final ("final" means the appeal period has expired)?
- Is the corporation a California corporation or a foreign corporation qualified to transact business in California?
- Have you diligently pursued collection efforts on assets of all judgment debtors and any other person who may have been liable to you for the fraud?
- If the judgment debtor corporation, or defendant officer or director, has filed for bankruptcy, was the underlying judgment and debt declared nondischargeable and do you have the bankruptcy court's permission to proceed with collection against the corporation? Nondischargeable debts are debts that have not been dissolved or forgiven in a bankruptcy proceeding.
Detailed information on application procedures can be found on the Application Instructions.