The Victims of Corporate Fraud Compensation Fund (VCFCF) was established by the Statutes of 2002, chapter 1015 (AB 55 Shelley). This legislation amended Sections 1502 and 2117, and added Section 1502.5, to the California Corporations Code.
The Secretary of State was charged with developing and adopting regulations regarding the administration of the VCFCF and the eligibility of victims to receive compensation. The VCFCF final regulations (pdf~193KB) were adopted and became effective March 9, 2004.
