New Bill Would Crack Down on Corporate Fraud |
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News |
Written by GBP Staff |
Saturday, 11 March 2017 11:50 |
http://newiprogressive.com/images/stories/S5/walker-open-for-business-s5.jpg MADISON - State Senator Dave Hansen (D-Green Bay) and State Representative Samantha Kerkman (R-Salem) announced plans Friday to introduce bi-partisan legislation that would make it a crime to commit fraud in pursuit of taxpayer economic development assistance from WEDC.
The legislation, which passed the State Assembly and had the support of Governor Walker last session, would make committing fraud against WEDC or using a benefit from WEDC in a manner other than its specific use a Class E felony which could result in those convicted being imprisoned up to 15 years and/or fined up to $50,000. Those who intentionally defraud WEDC will be ineligible for economic development benefits for 7 years. The bill also authorizes WEDC to bring a civil action to recover damages for fraudulently obtained economic development benefits
The bills are being circulated for co-sponsors in the Assembly and Senate. A request for co-sponsors is a way to determine early support for legislation and the first step toward the bills being formally introduced. **** Legislative writer Jay Wadd contributed this story. |
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