AGENCY TESTIMONY
Introduction and overview of deed fraud in New York City
0:12:27
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63 sec
Colette McCain-Jacques, the City Register for the New York City Department of Finance, introduces herself and provides an overview of the deed fraud problem in NYC. She highlights how this issue disproportionately affects vulnerable New Yorkers, particularly older adults on fixed incomes.
- Deed fraud targets vulnerable New Yorkers across all five boroughs
- Victims are often coerced into signing documents that lead to losing their property
- The Department of Finance has been focused on addressing this issue since 2014
Colette McCain-Jacques
0:12:27
Good afternoon.
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My name is Colette McCain Jacques.
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I am the city registrar for the New York City Department of Finance.
0:12:37
Good afternoon, chair Hudson and chair Menon, as well as the members of the aging committee and the Consumer and Worker Protection Committee.
0:12:48
Since 2014, the Department of Finance and both the city register and the sheriff's office have been focused on confronting the root cause of deep fraud.
0:13:00
That target that target our most vulnerable New Yorkers.
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As many of you know, there are heartbreaking stories where older New Yorkers living on fraud income fixed incomes and coerced into signing a document that eventually leads them to giving away their property for either no money or a fraction of what it's truly worth.
0:13:25
This issue impacts New Yorkers across all 5 boroughs.
