What is the maximum penalty for Fraud?

What is the maximum penalty for Fraud?

• A. $15,000
• B. $5,000
• C. $150,000
• D. $50,000

Answer: (A)

Fraud in New Jersey is treated as a third-degree offense. The monetary penalty for a third-degree crime is up to $15,000 in fines, and there can also be imprisonment for a period—typically 3 to 5 years—depending on the specifics of the case. The other dollar amounts exceed the typical fine cap for fraud as defined here, since $50,000 and $150,000 would correspond to higher-degree offenses, and $5,000 is below the standard maximum for this level of offense. So the maximum penalty you’d expect for fraud, in terms of fines alone, is $15,000.

Fraud in New Jersey is treated as a third-degree offense. The monetary penalty for a third-degree crime is up to $15,000 in fines, and there can also be imprisonment for a period—typically 3 to 5 years—depending on the specifics of the case. The other dollar amounts exceed the typical fine cap for fraud as defined here, since $50,000 and $150,000 would correspond to higher-degree offenses, and $5,000 is below the standard maximum for this level of offense. So the maximum penalty you’d expect for fraud, in terms of fines alone, is $15,000.