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)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/10/2006 | Prefiled and ordered printed; offered 01/11/06 060937254 |
| 01/10/2006 | Referred to Committee for Courts of Justice |
| 01/11/2006 | Fiscal impact statement from VCSC (HB960) |
| 01/18/2006 | Assigned to Courts of Justice sub-committee: Criminal Law |
| 02/15/2006 | Left in Courts of Justice |