Lawmakers in Albany held a public hearing on Wednesday to consider updating white-collar crime laws.
A bill called the “Securing Customer Assets against Malfeasance,” also known as the SCAM Act, deters misconduct by large corporations with a new set of penalties.
Brooklyn state Sen. Zellnor Myrie, who sponsors the bill, joined NY1 political anchor Errol Louis on “Inside City Hall” Wednesday to discuss more.
His district includes all or parts of Crown Heights, East Flatbush, Park Slope, Prospect Heights, Prospect Lefferts Gardens and Windsor Terrace. Myrie also serves as the chair of the Codes Committee.
“Our fraud statute has not caught up to all of the technology that has advanced over the past 40 years,” he said. “And the truth is, New Yorkers are getting scammed on a daily basis by a lot of these new technologies.”
Tap the video player above to watch the interview.