New York Penal Law Section 176.50 - Life settlement fraud in the fourth degree.

176.50 Life settlement fraud in the fourth degree.

A person is guilty of life settlement fraud in the fourth degree when he or she commits a fraudulent life settlement act and thereby wrongfully takes, obtains or withholds, or attempts to wrongfully take, obtain or withhold property with a value in excess of twenty-five thousand dollars.

Life settlement fraud in the fourth degree is a class E felony.


Last modified: February 3, 2019