BILL ANALYSIS �
AB 364
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Date of Hearing: April 13, 2011
ASSEMBLY COMMITTEE ON APPROPRIATIONS
Felipe Fuentes, Chair
AB 364 (Bonilla) - As Introduced: February 14, 2011
Policy Committee: Public
SafetyVote: 7-0
Urgency: No State Mandated Local Program:
Yes Reimbursable: No
SUMMARY
This bill expands current law that provides for the preservation
by the court of assets and property of any person charged with
two or more felony acts of fraud or embezzlement if that conduct
involves the taking of $100,000 or more, to cover the victim of
a single felony charge.
FISCAL EFFECT
Minor non-state-reimbursable local law enforcement
administrative costs.
COMMENTS
Rationale . This bill makes the "freeze and seize" procedures
that apply to aggravated white collar crimes with two or more
felonies against the same or different victims, where the loss
exceeds $100,000, applicable to cases involving a single victim
and a single felony.
Current law provides a procedure by which the assets and
property of a person alleged to have committed a pattern of
related felony conduct - a material element of which is fraud or
embezzlement - involving two or more felonies and resulting in
the taking or loss of more than $100,000, may be preserved by
the court to pay restitution and fines.
The sponsor of the bill, the CA District Attorneys Association
contends current law is insufficient in protecting solitary
victims in cases involving a single fraud-related charge.
"Suppose a defendant steals $100,001 total from two victims in
AB 364
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separate incidents. This defendant could have his assets and
property frozen and ultimately liquidated to cover the costs of
restitution and fines if convicted. However, the same
defendant's assets would remain untouched if he was only charged
with a single felony involving the same dollar amount and a
single victim. There is no reason to retain this arbitrary bar
to an effective and just law enforcement tool."
Analysis Prepared by : Geoff Long / APPR. / (916) 319-2081