18 U.S.C. § 473 — Dealing in counterfeit obligations or securities

submitted 78 years ago by ch. 645 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 52 words · no verdicts yet

in plain englishAI-generated · not legal advice

It's a federal crime to buy, sell, or trade fake U.S. money or securities, intending them to pass as real. This includes receiving or transferring them too. A conviction can mean a fine or up to 20 years in prison.

Anyone who buys, sells, exchanges, receives, or transfers a false, forged, counterfeited, or altered U.S. obligation or security -- like fake currency or fake bonds -- commits a crime under this law, as long as they intend for it to be passed off, published, or used as if it were real and genuine. A conviction can bring a fine under the rules of this title, or up to 20 years in prison, or both.

the actual law source: uscode.house.gov ↗public domain

Whoever buys, sells, exchanges, transfers, receives, or delivers any false, forged, counterfeited, or altered obligation or other security of the United States, with the intent that the same be passed, published, or used as true and genuine, shall be fined under this title or imprisoned not more than 20 years, or both.

Source credit: (June 25, 1948, ch. 645, 62 Stat. 705; Pub. L. 103–322, title XXXIII, § 330016(1)(K), Sept. 13, 1994, 108 Stat. 2147; Pub. L. 107–56, title III, § 374(d), Oct. 26, 2001, 115 Stat. 340.)

history & why it existsrecord from the source credit

1948Enacted · Act of June 25, 1948, ch. 645 · 62 Stat. 705
1994Amended · Pub. L. 103-322 · 108 Stat. 2147
2001Amended · Pub. L. 107-56 · 115 Stat. 340

A history note hasn’t been published yet. The record shows enactment by ch. 645 on 1948-06-25.

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