New Jersey Assembly Bill A3020

New Jersey 2022-2023 Regular Session

• Introduced: 2/28/22
• Refer: 2/28/22

Caption

Upgrades crowdfunded thefts; imposes mandatory restitution and fines; requires minimum term of imprisonment.

Impact

A3020 seeks to amend the existing theft laws under the New Jersey Statutes by implementing stricter penalties for theft that involves crowdfunding. This includes mandatory restitution to those affected by the fraudulent schemes and potential fines that can accumulate to $500 for each contribution improperly solicited. Moreover, the bill mandates a minimum prison sentence for offenders, establishing a more robust legal framework to deter such theft, thereby promoting accountability among individuals who manage crowdfunding campaigns.

Summary

A3020 is a legislative bill introduced in New Jersey aimed at addressing the issue of theft by crowdfunding. This bill specifically targets individuals who exploit crowdfunding platforms for fraudulent purposes, upgrading the level of the offense based on the amounts involved. If an individual obtains up to $200 through unauthorized crowdfunding, they would be charged with a fourth-degree crime, whereas amounts exceeding $200 would elevate the charge to one degree higher. The legislation is a response to the growing concern over scams that utilize crowdfunding for deceptive means, undermining the trust foundational to charitable contributions.

Contention

While supporters of A3020 argue it is a necessary tool to maintain the integrity of charitable giving, there are concerns regarding its implications. Critics may contend that the definition of crowdfunding used in the bill might be too broad, potentially criminalizing legitimate fundraising efforts. The bill's sponsor posits that it aims to protect vulnerable individuals who wish to help during times of crisis, but opponents worry that the enforcement of such laws could inadvertently hinder genuine charitable endeavors amid increasing scrutiny of financial contributions.