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Missouri bill would create broader fraud offense, add $10,000 fines for financial scams
Summary
Representative Oler King presented House Bill 707 as a broad fraud-prevention measure intended to give prosecutors a more flexible criminal tool to address evolving financial scams, including those using AI impersonation techniques.
Representative Oler King presented House Bill 707 as a broad fraud-prevention measure intended to give prosecuting attorneys a simpler, more flexible criminal statute to use against evolving financial scams. "House Bill 707 is a fraud prevention overall bill," Oler King told the committee, saying the bill would address a dramatic increase in fraud and scams that affect Missourians.
The sponsor cited FBI figures showing large increases in reported fraud losses and described new technologies — including AI-generated voices used to impersonate family members — that complicate detection and prosecution. The bill…
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