What is the statute of limitations for a fraud-related crime of grand theft, elder theft, securities fraud and sales of unqualified or nonexempted securities?

California, United States of America


The following excerpt is from People v. Daniel William Heath, G040653, Super. Ct. No. RIF117775 (Cal. App. 2011):

Section 803, subdivision (c)(1) lists fraud-related offenses for which the statute of limitations is tolled until the crime is discovered. Included in that list are four crimes of which defendants were convicted: grand theft, elder theft, securities fraud, and sales of unqualified or nonexempted securities. ( 803, subd. (c)(1), (3), & (11); People v. Fine (1997) 52 Cal.App.4th 1258, 1266 [ 803, subd. (c) applies to violation of Corp. Code, 25110].) The limitations period for these crimes is four years after "discovery of the commission of the offense," or four years after completion of the offense, whichever is later. ( 801.5.)

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