Creates offense of financial exploitation of the elderly.

This bill creates a specific criminal offense for financial exploitation of the elderly in New Jersey. It defines "elderly" as anyone 60 or older with age-related health conditions or mental impairments that affect their ability to make decisions about their property. The offense applies when someone in a "position of trust" (like family members, caregivers, or people with fiduciary obligations) uses fraud, false promises, extortion, or intimidation to obtain property from an elderly person. The bill upgrades penalties for this type of theft, making amounts between $200-$500 a third-degree crime (up from a fourth-degree crime) and amounts under $200 a fourth-degree crime (up from a disorderly persons offense).