Major Fraud can have a devastating financial effect on individual victims. Major fraud, commonly referred to as “white collar crime”, is any financial crime involving a loss of more than $100,000, twenty or more victims or an extraordinarily complex business scheme. Examples of major fraud cases include large scale employee embezzlement, fraud in the sale of securities and identity theft rings. Major cases are generally prosecuted in the criminal courts.
To report suspected violations of major fraud laws call your local Police Department or, if within the unincorporated areas of the county, the San Luis Obispo County Sheriff’s Department Patrol Headquarters at (805) 781-4550. If you suspect a business or corporation has violated the law contact the California Department of Business Oversight Consumer Call Center toll-free at (866) 275-2677 or on the web at http://www.dbo.ca.gov/Consumers/default.asp.