Hearing on Financial Scams and Fraud, Business Meeting

Little Hoover Commission · September 29, 2025

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Welcome, housekeeping and hearing overview

Announcement

0:05 → 6:45(6m 41s)

Chair Pedro Nava opened the hearing, explained housekeeping (Zoom public comment, recording, business meeting break at noon) and described the study scope: resources used to detect, prevent, and disrupt financial fraud. He noted Californians' estimated losses since 2020 ("more than 3,000,000,000") and previewed witnesses and a second hearing next month.

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The Little Hoover Commission held a two-part session Sept. 25, 2025, on financial scams — hearing victim testimony and expert recommendations in the morning and taking up a business meeting including a draft report on California electricity costs. Commissioners signaled next steps on platform accountability, law enforcement training, and a follow-up on AI/data centers.

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Transcript

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