§ 176.65 Life settlement fraud in the first degree. A  person  is guilty of life settlement fraud in the first 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  one  million  dollars. Life settlement fraud in the first degree is a class B felony.