SB 284 Becomes Georgia Law, Will Provide Financial Relief to Victims of Fraud
Monday, April 27th, 2026
Secretary of State Brad Raffensperger is celebrating Senate Bill 284 becoming law, which will allow victims of financial fraud to recoup some of their lost funds.
“Thank you Governor Kemp for signing this important piece of legislation into law,” said Secretary Raffensperger. “Scammers will now face greater obstacles when they try to con hardworking Georgians out of their money.”
Under this law, Secretary Raffensperger, acting as Securities Commissioner, is authorized to issue orders requiring lost investments to be repaid directly to investors. Previously, only penalties to the state were allowed. Effective immediately, the Secretary may also order funds to go directly to those harmed in financial fraud schemes. With these enhanced enforcement tools, the Secretary expects faster financial recovery for affected investors and a stronger deterrent against scams and Ponzi schemes.
“Our priority is clear: protecting the hard-earned assets of Georgia investors,” said Secretary Raffensperger. “This law provides the teeth we need to demand justice and ensures that those who seek to defraud our citizens will face the full weight of the law.”
