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BUSINESS FRAUD I CORPORATE FRAUD – Payment From the Victims of Corporate Fraud – VCFCF: Victims of Corporate Fraud Compensation Fund

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BUSINESS FRAUD I CORPORATE FRAUD – Payment From the Victims of Corporate Fraud – VCFCF: Victims of Corporate Fraud Compensation Fund October 29, 2019 The Victims of Corporate Fraud Compensation Fund “VCFCF” provides restitution to victims of corporate fraud who have otherwise been unable to collect on their judgment. Corporate fraud for VCFCF purposes is fraud, misrepresentation, or deceit, made with intent to defraud, and involving a corporation. Victims of Corporate Fraud are eligible to apply for payment from the Victims of Corporate Fraud Compensation Fund (VCFCF) after satisfying all the following conditions: 1. Victims of Corporate Fraud Compensation Fund need to have a final civil judgment, arbitration, or criminal restitution award based on fraud, deceit or misrepresentation. Requirement one: a. 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 b. A final criminal restitution order against a corporation’s officer or director for fraud, misrepresentation, or deceit, made with intent to defraud. 2. The civil fraud judgment, judgment based on an arbitration award, or a criminal restitution order, came from a California court or a federal court sitting to conduct its affairs within the State of California. 3. The fraud victim was a California resident at the time the fraud occurred. 4. The fraud victim delivered the application to the California Secretary of State no more than 18 months after the judgment became final. Finality means the appeal period has expired. 5. The corporation that committed the fraud must be a California corporation or a foreign corporation qualified to transact business in California. 6. The Fraud victim must have diligently pursued collection efforts on assets of all judgment debtors and any other person who may have been liable to you for the fraud. 7. 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. Other articles discussing the Victims of Corporate Fraud Compensation Fund (VCFCF) are linked below: • FRAUD – Do I Have A Fraud Claim? Recovering Fraud Money: http://dianalegal.com/fraud-do-i-have-a-fraud-claim-recovering-fraud-money/ • BUSINESS FRAUD I CORPORATE FRAUD – How Can The Secretary Of State Help Victims Of Corporate Fraud – VCFCF: Victims Of Corporate Fraud Compensation Fund: http://dianalegal.com/business-fraud-i-corporate-fraud-how-can-the-secretary-of-state-help-victims-of-corporate-fraud-vcfcf-victims-of-corporate-fraud-compensation-fund/ If you have any questions or concerns as it relates to corporate fraud, business fraud or the victims of corporate fraud compensation fund we encourage you to reach out to one of our experienced corporate law attorneys and fraud lawyers at 619-432-5145. Tags: California Fraud Attorney, San Diego Fraud Attorney, San Diego Corporate Compliance Attorney, Corporate Law San Diego, Corporate Law California, California Corporate Compliance Attorney, Business litigation, San Diego Business Litigation Attorney, California Breach of Fiduciary Attorney, San Diego Breach of Fiduciary Attorney, California Fiduciary Attorney, San Diego Fiduciary Attorney, California Fiduciary Lawyer, San Diego Fiduciary Lawyer, Breach of Fiduciary, Business Fraud, Corporate Fraud, What is Corporate fraud, What is Business fraud, How can the Secretary of State help victims of Corporate Fraud, VCFCF, VCFCF: Victims of Corporate Fraud Compensation Fund, Victims of Corporate Fraud Compensation Fund

BUSINESS FRAUD I CORPORATE FRAUD – Payment From the Victims of Corporate Fraud – VCFCF: Victims of Corporate Fraud Compensation Fund

BUSINESS FRAUD I CORPORATE FRAUD – Payment From the Victims of Corporate Fraud Compensation Fund – VCFCF: Victims of Corporate Fraud Compensation Fund

October 29, 2019

The Victims of Corporate Fraud Compensation Fund “VCFCF” provides restitution to victims of corporate fraud who have otherwise been unable to collect on their judgment.  Corporate fraud for VCFCF purposes is fraud, misrepresentation, or deceit, made with intent to defraud, and involving a corporation.  Victims of Corporate Fraud are eligible to apply for payment from the Victims of Corporate Fraud Compensation Fund (VCFCF) after satisfying all the following conditions:

  1. Victims of Corporate Fraud Compensation Fundneed to have a final civil judgment, arbitration, or criminal restitution award based on fraud, deceit or misrepresentation. Requirement one:
    1. 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
    2. A final criminal restitution order against a corporation’s officer or director for fraud, misrepresentation, or deceit, made with intent to defraud.
  2. The civil fraud judgment, judgment based on an arbitration award, or a criminal restitution order, came from a California court or a federal court sitting to conduct its affairs within the State of California.
  3. The fraud victim was a California resident at the time the fraud occurred.
  4. The fraud victim delivered the application to the California Secretary of State no more than 18 months after the judgment became final.Finality means the appeal period has expired.
  5. The corporation that committed the fraud must be a California corporation or a foreign corporation qualified to transact business in California.
  6. The Fraud victim must have diligently pursued collection efforts on assets of all judgment debtors and any other person who may have been liable to you for the fraud.
  7. 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 debtsare debts that have not been dissolved or forgiven in a bankruptcy proceeding.

Other articles discussing the Victims of Corporate Fraud Compensation Fund (VCFCF) are linked below:

If you have any questions or concerns as it relates to corporate fraud, business fraud or the victims of corporate fraud compensation fundwe encourage you to reach out to one of our experienced corporate law attorneys and fraud lawyers at 619-432-5145.

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