New York Penal Law Section 176.55 - Life settlement fraud in the third degree.

176.55 Life settlement fraud in the third degree.

A person is guilty of life settlement fraud in the third 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 fifty thousand dollars.

Life settlement fraud in the third degree is a class D felony.


Last modified: February 3, 2019