TOPEKA, Kan. (AP) — Kansas Attorney General Derek Schmidt says elderly residents will have new protections against fraud and financial abuse under a new state law. Legislation creating the crime of mistreatment of an elder person was signed by Governor Sam Brownback last week. The law is aimed at protecting people 70 and older who are victims of financial abuse. People convicted of large-scale abuse could be sentenced to more than 40 years in prison. Schmidt said Monday the law adds protections against misusing a financial trust or power of attorney for the purpose of misappropriating a person's life savings. The measure was sponsored by Senate Vice President Jeff King of Independence and Senator Michael O'Donnell, both Republicans. King and O'Donnell say it gives law enforcement another tool to protect older residents.