Statute of limitations in NY is 6 years from date of fraud or 2 years from date of discovery.
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6 years from the fraud or 2 years from when the fraud could have been discovered with the use of due dilligence, whichever is longer.
I am a former federal and State prosecutor and now handle criminal defense and personal injury/civil rights cases. Feel free to check out my web site and contact me at (212) 577-9797 or via email at Eric@RothsteinLawNY.com. I was named to the Super Lawyers list as one of the top attorneys in New York for 2012. No more than 5 percent of the lawyers in the state are selected by Super Lawyers. The above answer is for informational purposes only and not meant as legal advice.
New York Civil Practice Laws and Rules section 213 (8):
"***8. an action based upon fraud; the time within which the action must be commenced shall be the greater of six years from the date the cause of action accrued or two years from the time the plaintiff or the person under whom the plaintiff claims discovered the fraud, or could with
reasonable diligence have discovered it.***"
The answer provided to you is in the nature of general information. The general proposition being that you should try to avoid a bad outcome if you can.