As the Trump administration pulls back from enforcing laws against corporate wrongdoing, Sen. Zellnor Myrie (D-Central Brooklyn) has introduced S.8594, the “RIPOFF Act,” overhauling New York State’s laws against white-collar crime and fraud that costs New Yorkers hundreds of millions of dollars each year.
“Corporate criminals are using increasingly sophisticated tools to go after innocent New Yorkers and their hard-earned money, but our laws have been frozen in time for decades,” said Myrie, chair of the powerful Senate Codes Committee, who represents the 20th Senate District in Brooklyn. “The RIPOFF Act brings our laws and penalties for white collar fraud into the 21st century.
