In the News — 2012

• December 3, 2012
  Media Release from the U.S. Department of Housing and Urban Development (HUD)
  HUD Announces Preliminary Results of Note Sales Under Expanded Distressed Asset Stabilization Program
  The HUD program will target areas in Southern California for neighborhood stabilization.
• July 20, 2012
  Media Release from the U.S. Attorney, Eastern District of California
  Three Plead Guilty in Viatical Investment Scheme Based in Shasta County
  Department of Corporations assisted in this investigation of Viatical and Life Settlement fraud.
• June 27, 2012
  Media Release from the North American Securities Administrators Association (NASAA)
  NASAA Issues Small Business Advisory on Crowdfunding
  The Department has posted an Small Business Advisory regarding Crowdfunding with information and advice.
• May 7, 2012
  Text of remarks of U.S. Securities and Exchange Commissioner Luis A. Aguilar
  Advocating for Greater Federal and State Securities Regulatory Cooperation and Collaboration
  SEC Commissioner Aguilar cites the California Department of Corporations in comments on fraud against Seniors
• April 13, 2012
  Media Release from the U.S. Securities and Exchange Commission (SEC)
  SEC Shuts Down Ponzi Scheme Targeting Persian-Jewish Community in Los Angeles
• April 12, 2012
  Media Release from the Office of the Attorney General, California Department of Justice
  Attorney General Kamala D. Harris Announces Sentencing for Phony Online Rewards Scheme
  Department of Corporations initiated investigation and assisted in the prosecution
• March 16, 2012
  Media Release from the Office of the Attorney General, California Department of Justice
  Attorney General Kamala D. Harris Appoints Independent Monitor to Protect Interests of Homeowners in $18 Billion California Commitment
  Harris announcement protects state’s interests following National Mortgage Settlement agreement.
• March 9, 2012
  Media Release from the State of California Franchise Tax Board
  Laguna Beach Man Gets Jail for Fraud, Grand Theft, and State Income Tax Evasion
  DOC assisted in the joint investigation with FTB and the El Dorado County District Attorney’s office.
• March 6, 2012
  Media Release from the Office of the Press Secretary, The White House
  FACT SHEET: President Obama Announces New Steps to Provide Housing Relief to Veterans and Servicemember and Help More Responsible Homeowners Refinance
  Assistance includes reduced fees for refinancing loans already insured by FHA
• January 18, 2012
  Media Release from the North American Securities Administrators Association (NASAA)
  State Securities Regulators Announce Hotline and Website for E*Trade ARS Investors
  California Department of Corporations participated in the NASAA Auction Rate Securities task force.