At a joint hearing of the Senate Codes and Consumer Protections committees, New York Sen. Zellnor Myrie (D-Brooklyn) on Wednesday, March 4, highlighted the urgent need for updates to New York State’s white collar criminal laws against fraud, scams and other types of financial crimes.
Myrie, whose grandmother hailed from Jamaica, said many of these laws and their associated penalties have remained unchanged since the 1980s, despite rapid technological advances that allow financial scams to be carried out with ever-increasing speed and sophistication.
