MI SB0459

Amends the definition of "racketeering" to include illegal sale, delivery, or importation of spirits under the Michigan liquor control code as a predicate offense.

Establishes criminal penalties for financial exploitation of vulnerable adults through fraud, deceit, misrepresentation, coercion, or unjust enrichment, with penalties ranging from 93 days imprisonment for amounts under $200 to 20 years imprisonment for amounts of $100,000 or more.

Allows aggregation of money or property stolen in separate incidents within a 12-month period to determine total value and appropriate penalty level, with no time limit for aggregation if directed against only one person.

Provides enhanced penalties for repeat offenders with prior convictions under the vulnerable adult exploitation section, with prosecuting attorney required to list prior convictions on complaint and information.

Increases penalty for fraudulently obtaining a person's signature with intent to defraud from the prior law to a felony punishable by up to 10 years imprisonment or $5,000 fine or both.