Bill > S266

This bill creates the offense of financial exploitation of the elderly. Under the bill, a person in a position of trust, such as a relative, caregiver, or fiduciary, who compels or induces an elderly person (defined as someone 60 or older with a mental or physical impairment) to deliver property to them through fraud, false promise, extortion, or intimidation, commits the offense of financial exploitation of the elderly. This offense is graded as a third-degree crime, punishable by up to 5 years imprisonment and a $15,000 fine, when the amount involved is between $200 and $500. The bill also upgrades thefts under $200 from a disorderly persons offense to a fourth-degree crime when the victim is elderly.

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