Increases the fines imposed on a corporation for an offense defined within the penal law

Bill A 3858 increases the maximum financial penalties that courts can impose on corporations convicted of various offenses defined in the penal law. It raises the top fine for a felony conviction from $10,000 to $80,000 and for a Class A misdemeanor from $5,000 to $40,000. The bill also increases maximum fines for Class B misdemeanors and violations. Additionally, it allows fines to be set at up to three times a corporation's financial gain from an offense, up from the previous limit of double the gain.