Investment fraud; applies to those convicted of misuse or misappropriation of funds, etc. (HB960)

Introduced By

Del. David Bulova (D-Fairfax) with support from co-patrons Del. Al Eisenberg (D-Arlington), Del. Jim Scott (D-Merrifield), Del. Steve Shannon (D-Vienna), and Del. Vivian Watts (D-Annandale)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Crimes; investment fraud; penalty. Creates the crime of investment fraud if a person knowingly misuses or misappropriates any money or other funds or personal property, tangible or intangible, that he receives from another for the purpose of purchasing or operating a lawful commercial business. Upon conviction, the bill provides for the same punishment as larceny. Read the Bill »


Bill Has Failed


01/10/2006Prefiled and ordered printed; offered 01/11/06 060937254
01/10/2006Referred to Committee for Courts of Justice
01/11/2006Fiscal impact statement from VCSC (HB960)
01/18/2006Assigned to Courts of Justice sub-committee: Criminal Law
02/15/2006Left in Courts of Justice