§ 176.50 Life settlement fraud in the fourth degree. A  person is guilty of life settlement fraud in the fourth degree when  he  or  she  commits  a  fraudulent  life  settlement  act  and  thereby  wrongfully  takes, obtains or withholds, or attempts to wrongfully take,  obtain or withhold property  with  a  value  in  excess  of  twenty-five  thousand dollars. Life settlement fraud in the fourth degree is a class E felony.