NYSentencing

§ 185.05  Fraud involving a security interest.
    A  person  is  guilty  of fraud involving a security interest
when, having executed a security agreement  creating  a  security
interest in personal property securing a monetary obligation owed
to a secured party, and:
    1.   Having  under  the  security agreement both the right of
sale or other disposition of the property and the duty to account
to the secured party for the proceeds of disposition, he sells or
otherwise disposes  of  the  property  and  wrongfully  fails  to
account to the secured party for the proceeds of disposition; or
    2.   Having  under the security agreement no right of sale or
other  disposition  of  the  property,  he  knowingly   secretes,
withholds  or  disposes  of  such  property  in  violation of the
security agreement.
    Fraud involving a security interest is a class A misdemeanor.
with Argument