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MI HB4105
Bill
Status
12/31/2019
Primary Sponsor
Ryan Berman
Click for details
AI Summary
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Amends MCL 750.174 to include cryptocurrency in the definition of "money or other personal property" for embezzlement offenses.
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Establishes tiered penalties for embezzlement based on value: misdemeanor for under $200; enhanced misdemeanor for $200-$999; felony charges for amounts $1,000 and above, with sentences ranging from 5 to 20 years depending on value.
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Allows aggregation of embezzled amounts within 12-month periods under a scheme or course of conduct; removes time limit for aggregation when directed against a single entity.
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Permits consecutive sentencing for felony embezzlement when victims are nonprofit organizations, charitable organizations, seniors aged 60+, or vulnerable adults.
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Takes effect 90 days after enactment, with approval date of December 20, 2019 and effective date of March 19, 2020.
Legislative Description
Crimes; embezzlement; crimes involving embezzlement; include cryptocurrency in definitions in embezzlement section in penal code. Amends sec. 174 of 1931 PA 328 (MCL 750.174).
Crimes: penalties
Last Action
Assigned Pa 173'19
12/31/2019