Financial crimes and exploitation can involve the illegal or improper use of a senior citizen’s funds, property or assets, as well as fraud or identity theft perpetrated against older adults. While exact statistics on how often financial crimes against the elderly occur are not available, it is widely believed to be underreported by the victims. A recent study published by MetLife Mature Market Institute estimates that the financial loss by victims of elder financial crimes and exploitation exceeds $2.9 billion dollars annually.http://www.ncsl.org/research/financial-services-and-commerce/financial-crimes-against-the-elderly-2012-legis.aspx
To combat these crimes Texas has enacted a new law that began on September 1, 2017 extending the statute of limitations for the exploitation of children, disabled and elderly in SB998 enacted in part with the help of legislator Terry Canales (D).
A BILL TO BE ENTITLED AN ACT relating to the statute of limitations for the offense of exploitation of a child, elderly individual, or disabled individual.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Article 12.01, Code of Criminal Procedure, is
amended to read as follows:
Art. 12.01. FELONIES. Except as provided in Article 12.03,
felony indictments may be presented within these limits, and not
(3) seven years from the date of the commission of the
(H) exploitation of a child, elderly individual,
or disabled individual under Section 32.53, Penal Code;
This act effectively extends the statute of limitations to seven years from the date of the commission of the offense allowing for more discovery of the crime committed against these groups.
If you have more questions of this new Texas law call Alex R. Hernandez Jr. Trial Lawyers PLLC today.