Abstract: Creates the crime of submitting false statements and false or altered documents in
unclaimed property claims, and provides elements and criminal penalties for the offense.
Proposed law creates the crime of submitting false statements and false or altered documents in
unclaimed property claims and defines the crime as being committed by any person who
intentionally makes a material false statement, submits false or altered documentation, or both in any
claim submitted pursuant to the Uniform Unclaimed Property Act of 1997.
Proposed law provides that any person who commits the proposed law crime shall be imprisoned
at hard labor for not more than five years, fined no more than $10,000, or both.
Proposed law further provides that the person who commits the proposed law crime shall be ordered
to make full restitution to the Department of Treasury in the amount of funds obtained as a result of
the offense.
Proposed law requires the court to order a periodic payment plan consistent with the person's
financial ability when the person is found to be indigent and unable to make restitution in full at the
time of conviction.
(Adds R.S. 14:67.5)