Many theft crimes in the Commonwealth of Pennsylvania can be found in the statutes located in Chapter 41 of Title 18 of the Pennsylvania Crimes Code. Specifically, one of the theft crimes that this chapter deals with is forgery and fraudulent practices. § 4111 of the Pennsylvania General Assembly specifically addresses fraud in insolvency as a specific theft crime in the Pennsylvania crimes code. identity theft Insolvency is the inability to pay one’s debts. A person commits an offense such as this if they take part in, or knowingly continue in proceedings where property was destroyed, removed, concealed, encumbered, transferred, or dealt with in any manner that in an attempt to obstruct the claim of any creditor. As explained in this statute, a creditor is the person that is owed the property or money.
Under this theft crimes statute of forgery and fraudulent practices, a crime is also committed if an accused obstructs the operation of any law that relates to the administration of property that would benefit creditors. Things that fall under this would be falsifying any writing or record that relates to the property, or misrepresenting or refusing to disclose the existence, amount, location of the property, or any other pertinent information in which a person would be legally required to provide to the receiver of the property. federal crimes If a person commits this offense, they will be charged with a misdemeanor of the second degree. The penalties for committing a misdemeanor of the second degree can result in being confined to imprisonment for a period of up to two years in addition to a fine for an amount of up to $5,000. Make sure to contact an experienced theft crimes lawyer or chester county theft crimes lawyer if you have been charged with or are being investigated for committing this offense.