S T A T E O F N E W Y O R K
________________________________________________________________________
8051--A
2025-2026 Regular Sessions
I N A S S E M B L Y
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:
Section 1. Legislative intent. This legislature finds that larceny and
fraud against seniors have increased steadily since 2020. According to
the FBI Internet Complaint Center's statistics, in 2023 elder fraud
complaints increased 14%. This legislature holds that crimes targeted
against the elderly take a wide variety of forms, from check fraud to
identity theft or through scams where individuals pose as tech support
or even as family members. This legislature further finds that according
to NASDAQ's 2024 Financial Crimes Report, one in ten elderly Americans
are victims of larceny or fraud each year, in total, $77.7 billion in
fraud globally has been linked to elderly victims.
This legislature also finds that New York seniors are at greater risk
of fraud. According to an FBI report, New York ranks fourth in the
nation for elder financial fraud losses, with more than 4,300 New York-
ers aged 60 and older losing a total of $203,437,635 in 2023. This loss
translates to $557,000 a day, or $23,200 an hour, and an average loss
per victim of $47,000.
Therefore, this legislature finds that to combat the increasing occur-
rence of these crimes, and to treat them with the severity that they
deserve, larceny and fraud directed towards an elderly victim should
hereby be classified as a separate crime that is classified as Class B
felony.
§ 2. The penal law is amended by adding a new section 155.50 to read
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
§ 155.50 LARCENY AGAINST AN ELDERLY PERSON.
A PERSON IS GUILTY OF LARCENY AGAINST AN ELDERLY PERSON WHEN SUCH
PERSON COMMITS AN OFFENSE DEFINED IN THIS ARTICLE AND THE VICTIM IS AN
ELDERLY PERSON.
LARCENY AGAINST AN ELDERLY PERSON IS A CLASS B FELONY.
§ 3. The penal law is amended by adding a new section 190.91 to read
as follows:
§ 190.91 FRAUD AGAINST AN ELDERLY PERSON.
1. A PERSON IS GUILTY OF FRAUD AGAINST AN ELDERLY PERSON WHEN SUCH
PERSON DECEIVES AN ELDERLY PERSON WITH PROMISES OF GOODS, SERVICES, OR
FINANCIAL BENEFITS THAT DO NOT EXIST, WERE NEVER INTENDED TO BE
PROVIDED, OR WERE MISREPRESENTED.
2. FOR THE PURPOSES OF THIS SECTION, "ELDERLY PERSON" MEANS A PERSON
WHO IS SIXTY YEARS OF AGE OR OLDER.
FRAUD AGAINST AN ELDERLY PERSON IS A CLASS B FELONY.
§ 4. This act shall take effect on the ninetieth day after it shall
have become a law.