At the end of last month, the New Jersey Senate unanimously passed legislation S-1887, introduced by Sen. Carmen Amato (R-9th) and Sen. Troy Singleton (D-7th), that would create a new theft offense referred to as “financial exploitation of the elderly.”

As the legislative statement reads, “Under the bill, a person obtains property by financial exploitation of the elderly when, being a person in a position of trust, the person compels or induces an elderly person to deliver such property to the…