18-U.S.C.-650
§650 – Depositaries Failing to Safeguard Deposits
Pathway
Title 18 > Part I > Chapter 31 > Section 650
Details
- Reference: Section 650
- Legend: §650 – Depositaries Failing to Safeguard Deposits
- USCode Year: 2013
Provision Content
If the Treasurer of the United States or any public depositary fails to keep safely all moneys deposited by any disbursing officer or disbursing agent, as well as all moneys deposited by any receiver, collector, or other person having money of the United States, he is guilty of embezzlement, and shall be fined under this title or in a sum equal to the amount of money so embezzled, whichever is greater, or imprisoned not more than ten years, or both; but if the amount embezzled does not exceed $1,000, he shall be fined under this title or imprisoned not more than one year, or both.
(June 25, 1948, ch. 645, 62 Stat. 727; Pub. L. 103–322, title XXXIII, §330016(1)(H), (2)(G), Sept. 13, 1994, 108 Stat. 2147, 2148; Pub. L. 104–294, title VI, §606(a), Oct. 11, 1996, 110 Stat. 3511.)
Historical and Revision Notes
Based on title 18, U.S.C., 1940 ed., §174, (Mar. 4, 1909, ch. 321, §88, 35 Stat. 1105; May 29, 1920, ch. 214, §1, 41 Stat. 654.)
Mandatory punishment provisions stated in alternative.
The smaller punishment for offenses involving $100 or less was added. (See revisers note under sections 641, 645 of this title.)
Minor changes were made in phraseology.
Amendments
1996—Pub. L. 104–294 substituted $1,000 for $100.
1994—Pub. L. 103–322, §330016(2)(G), substituted shall be fined under this title or in a sum equal to the amount of money so embezzled, whichever is greater, or imprisoned for shall be fined in a sum equal to the amount of money so embezzled or imprisoned.
Pub. L. 103–322, §330016(1)(H), substituted fined under this title for fined not more than $1,000 after he shall be.
Transfer of Functions
Functions of all officers of Department of the Treasury, and functions of all agencies and employees of such Department, transferred, with certain exceptions, to Secretary of the Treasury, with power vested in him to authorize their performance or performance of any of his functions, by any of such officers, agencies, and employees, by Reorg. Plan No. 26 of 1950, §§1, 2, eff. July 31, 1950, 15 F.R. 4935, 64 Stat. 1280, 1281, set out in the Appendix to Title 5, Government Organization and Employees. The Treasurer of the United States, referred to in this section, is an officer of Department of the Treasury.
U.S. Encyclopedia of Law Coverage
18-U.S.C.-611 in the Legal Encyclopedia: Criminal Law
In this entry about 18-U.S.C.-611, find legal reference material, bibliographies and premiere content related to criminal law in the American Encyclopedia of Law, presenting a comprehensive view of the United States criminal law-specific issues, written by authorities in the field.
18-U.S.C.-643 in the Legal Encyclopedia: Crimes
In this entry about 18-U.S.C.-643, find legal reference material, bibliographies and premiere content related to crimes in the American Encyclopedia of Law, presenting a comprehensive view of the United States crimes-specific issues, written by authorities in the field.
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