Anderson brings attention to Senate Bill 797 to help victims of Ponzi schemes

SACRAMENTO – Senator Joel Anderson (R-San Diego) held a press conference at the State Capitol Jan. 8 to bring attention to Senate Bill 797, which would stop the state from re-victimizing Californians of investment fraud. After hundreds of victims’ life savings were wiped out and stolen by con-artists, Anderson is asking the legislature to pass SB 797 which would align California law to federal income tax law.

“We need to protect these victims whose finances and futures have been destroyed by scam artists and together with the passage of SB 797 we can ensure the state doesn’t re-victimize...