New York A 8051: Relates to increasing penalties for certain larceny and fraud crimes against elderly persons

Bill Text

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A08051 Summary:

BILL NOA08051A

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SAME ASSAME AS S07382-A

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SPONSORStern

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COSPNSR

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MLTSPNSR

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Add §§155.50 & 190.91, Pen L

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Increases penalties for certain larceny and fraud crimes against elderly persons; makes such crimes a class B felony.

Go to top A08051 Actions:

BILL NOA08051A

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04/22/2025referred to codes

01/07/2026referred to codes

04/02/2026amend (t) and recommit to codes

04/02/2026print number 8051a

Go to topA08051 Committee&nbspVotes:

Go to topA08051 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08051 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8051--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 22, 2025
 ___________

 Introduced by M. of A. STERN -- read once and referred to the Committee
 on Codes -- recommitted to the Committee on Codes in accordance with
 Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered
 reprinted as amended and recommitted to said committee

 AN ACT to amend the penal law, in relation to increasing penalties for
 the crimes of larceny and fraud committed against an elderly person

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Legislative intent. This legislature finds that larceny and
 2 fraud against seniors have increased steadily since 2020. According to
 3 the FBI Internet Complaint Center's statistics, in 2023 elder fraud
 4 complaints increased 14%. This legislature holds that crimes targeted
 5 against the elderly take a wide variety of forms, from check fraud to
 6 identity theft or through scams where individuals pose as tech support
 7 or even as family members. This legislature further finds that according
 8 to NASDAQ's 2024 Financial Crimes Report, one in ten elderly Americans
 9 are victims of larceny or fraud each year, in total, $77.7 billion in
 10 fraud globally has been linked to elderly victims.
 11 This legislature also finds that New York seniors are at greater risk
 12 of fraud. According to an FBI report, New York ranks fourth in the
 13 nation for elder financial fraud losses, with more than 4,300 New York-
 14 ers aged 60 and older losing a total of $203,437,635 in 2023. This loss
 15 translates to $557,000 a day, or $23,200 an hour, and an average loss
 16 per victim of $47,000.
 17 Therefore, this legislature finds that to combat the increasing occur-
 18 rence of these crimes, and to treat them with the severity that they
 19 deserve, larceny and fraud directed towards an elderly victim should
 20 hereby be classified as a separate crime that is classified as Class B
 21 felony.
 22 § 2. The penal law is amended by adding a new section 155.50 to read
 23 as follows:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11628-05-6

 A. 8051--A 2

 1 § 155.50 Larceny against an elderly person.
 2 A person is guilty of larceny against an elderly person when such
 3 person commits an offense defined in this article and the victim is an
 4 elderly person.
 5 Larceny against an elderly person is a class B felony.
 6 § 3. The penal law is amended by adding a new section 190.91 to read
 7 as follows:
 8 § 190.91 Fraud against an elderly person.
 9 1. A person is guilty of fraud against an elderly person when such
 10 person deceives an elderly person with promises of goods, services, or
 11 financial benefits that do not exist, were never intended to be
 12 provided, or were misrepresented.
 13 2. For the purposes of this section, "elderly person" means a person
 14 who is sixty years of age or older.
 15 Fraud against an elderly person is a class B felony.
 16 § 4. This act shall take effect on the ninetieth day after it shall
 17 have become a law.

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