Gianaris’ Legislation Extending SOL for Financial Crimes Signed by Gov.

August 27, 2019

NEW YORK – Senate Deputy Leader Gianaris announced legislation to extend the statute of limitation for financial crimes. The legislation was signed by New York Governor Andrew Cuomo and goes into effect immediately.

Gianaris’ legislation reinstates a 6-year statute of limitations on Martin Act Violations, a 1920s-era law used to prosecute financial fraud on Wall Street.

“The Martin Act has become an invaluable tool for enforcement against financial crimes and unfortunately a misguided court decision made it harder to use that tool,” said Senate Deputy Leader Michael Gianaris.

“We wanted to go back to the way it was originally used and allow the state the maximum time possible to go after wrongdoing in the financial services industry. I am pleased the Governor signed this legislation and I am pleased to work with the Attorney General to fight financial crimes.”

Last year, the New York State Court of Appeals ruled the Martin Act could only have a three-year statute of limitations. Previous interpretations had allowed the state’s Attorney General to use a six-year statute of limitations, making the law significantly more powerful in fighting financial crimes and securities fraud, securing more than a billion dollars in relief for New Yorkers.


An ethnic Greek jailed in Albania after being elected Mayor of the seaside town of Himare said Prime Minister Edi Rama is behind it and controls the courts who sentenced him over the protests of Greece.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


1 of 2 Abducted Louisiana Children is Found Dead in Mississippi after Their Mother is Killed

JACKSON, Miss. (AP) — A Louisiana woman was found dead in her home Thursday, and her two young daughters were abducted and found hours later in Mississippi — one dead and the other alive, police said.

ATHENS – Acknowledging disappointing results in the European Parliament elections for New Democracy, Prime Minister Kyriakos Mitsotakis said there won’t be early elections in Greece and dismissed any idea of taking New Democracy further right.

NEW YORK – This year, Leros New York is the standout team in the Premier Division of the Long Island Soccer Football League (LISFL) – and beyond.

ROME - There were multiple triumphs for Greece this week at at the European Athletics Championships in Rome.

LAUSANNE, Switzerland (AP) — The Spanish team for men's soccer at the Paris Olympics got permission Thursday from the IOC to select two players who previously played for other countries.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.