NY A01086

Establishes a new theft classification where property valued over $250 taken from a person aged 65 or older constitutes larceny in the third degree.

Renames existing fraudulent accosting offense to "fraudulent accosting in the second degree" and maintains it as a class A misdemeanor.

Creates a new class E felony offense called "fraudulent accosting in the first degree" when the victim is 65 years of age or older and is defrauded through tricks, swindles, or confidence games.

Establishes a presumption that statements or conduct consistent with known confidence game tactics indicate intent to defraud in both second and first degree fraudulent accosting offenses.

Takes effect on November 1st of the year following enactment into law.