Penal Law § 176.60
Life Settlement Fraud in the Second Degree

Published: 2014-09-22

§ 176.60 Life settlement fraud in the second degree.

A person is guilty of life settlement fraud in the second 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 one hundred thousand dollars.

Life settlement fraud in the second degree is a class C felony.