Bill Text: NY S02560 | 2019-2020 | General Assembly | Introduced

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Bill Title: Raises the monetary value of damaged property that is considered criminal mischief or securities fraud.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO CODES [S02560 Detail]

Download: New_York-2019-S02560-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2560
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 28, 2019
                                       ___________
        Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Codes
        AN ACT to amend the penal law and the general business law, in  relation
          to criminal mischief and securities fraud
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subdivision 2 of  section  145.05  of  the  penal  law,  as
     2  amended  by  chapter  276  of  the  laws  of 2003, is amended to read as
     3  follows:
     4    2. damages property of another person  in  an  amount  exceeding  [two
     5  hundred fifty] one thousand dollars.
     6    § 2. Section 145.10 of the penal law, as amended by chapter 961 of the
     7  laws of 1971, is amended to read as follows:
     8  § 145.10 Criminal mischief in the second degree.
     9    A person is guilty of criminal mischief in the second degree when with
    10  intent  to  damage property of another person, and having no right to do
    11  so nor any reasonable ground to believe  that  he  has  such  right,  he
    12  damages  property  of  another person in an amount exceeding [one] three
    13  thousand [five hundred] dollars.
    14    Criminal mischief in the second degree is a class D felony.
    15    § 3. Subdivision 6 of section 352-c of the general  business  law,  as
    16  added by chapter 146 of the laws of 1982, is amended to read as follows:
    17    6.  Any  person,  partnership,  corporation, company, trust or associ-
    18  ation, or any agent or employee thereof  who  intentionally  engages  in
    19  fraud, deception, concealment, suppression, false pretense or fictitious
    20  or pretended purchase or sale, or who makes any material false represen-
    21  tation  or statement with intent to deceive or defraud, while engaged in
    22  inducing or promoting the issuance, distribution, exchange, sale,  nego-
    23  tiation  or  purchase  within  or  from  this state of any securities or
    24  commodities, as defined in this article, and thereby wrongfully  obtains
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05481-01-9
        S. 2560                             2
     1  property  of  a  value  in  excess  of  [two hundred fifty] one thousand
     2  dollars, shall be guilty of a class E felony.
     3    §  4.  This  act  shall  take  effect  immediately  and shall apply to
     4  offenses committed on or after such  effective  date,  and  to  offenses
     5  committed  prior  to  such  effective date where the criminal proceeding
     6  arising out of the commission of such offense is pending on  the  effec-
     7  tive date of this act.