Penal Law § 176.55
Life Settlement Fraud in the Third Degree
Published: 2014-09-22
§ 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.