Federal law does not explicitly criminalize falsifying business records, but the act is criminalized under several federal regulations. Additionally, many states consider it a crime and sometimes prosecute it with other crimes, such as grand larceny or insurance fraud. In New York, falsifying business records is not an uncommon charge and can be either a misdemeanor or a felony, depending on the circumstances. The aggravating circumstance occurs when the “intent to defraud includes an intent to commit another crime or to aid or conceal the commission thereof.” One example of this is changing a record to cover larceny.