People v. Franco

The Supreme Court affirmed the judgment of the Court of Appeal concluding that the value of a forged instrument under Cal. Penal Code 473 subdivision (b) is its face value and not the intrinsic value of the instrument itself, holding that because forgery requires the intent to defraud and the stated value of the forged check indicates the severity of the intended fraud, when the check contains a stated value, that amount is its value for this purpose.The recent initiative measure, Proposition 47, makes specified types of forgery misdemeanors if the value of the forged instrument does not exceed $950. Defendant pleaded guilty to forgery under section 475, subdivision (a) for forging a signature on a check made out in the amount of $1,500 and was placed on probation. When Defendant later violated the terms of his probation he requested the court to resentence him as a misdemeanant under the recently enacted Proposition 47, arguing that the check’s value was less than $950. The court denied the request, and the Court of Appeals affirmed. The Supreme Court affirmed, holding that “value” means stated value. View "People v. Franco" on Justia Law