Szabo Bill Protecting Consumers from Fraud Goes to Governor

DENVER—A measure sponsored by State Rep. Libby Szabo will help ensure Coloradans are protected from fraud, by keeping the Identity Theft and Financial Fraud Board in operation.

Senate Bill 108 extends the repeal date of the Identity Theft and Financial Fraud Deterrence Act from July of 2011 to Sept. 1, 2016. 

           

“Coloradans are fortunate to have the Theft and Financial Fraud Board on our side,” said Szabo, R-Arvada. 

According to the Legislative Council, the unit has “provided 115 training sessions to the public, financial institutions, and law enforcement. The unit has also been directly involved in cases resulting in the arrest of 70 thieves who stole more than $30.6 million from 463 victims.”

“The board has done a tremendous job of protecting Coloradans,” Szabo added.  “This bill ensures that the board will continue to protect our families, seniors, small businesses, and everyone else in the state from fraud.” 

The bill, sponsored in the Senate by Cheri Jahn, D-Wheat Ridge, must be signed by the governor before becoming law.

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