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18 U.S.C. § 648Custodians, generally, misusing public funds

submitted 78 years ago by ch. 645 to r/title-18-CRIMES-AND-CRIMINAL-PROCEDURE · 154 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section makes it a crime for a custodian of public money to improperly loan, use, convert, deposit, or exchange that money. The penalty is greater for amounts above $1,000.

A person who is an officer or another person charged by an Act of Congress with keeping public money safe commits embezzlement by loaning, using, converting to personal use, depositing in any bank—including a branch or agency of a foreign bank—or exchanging for other funds any part of the public money entrusted to that person, unless the law specifically allows it. The person may be fined under this title or an amount equal to the money embezzled, whichever is greater, imprisoned for up to 10 years, or both. If the amount embezzled is no more than $1,000, the person may instead be fined under this title or imprisoned for up to one year, or both.
the actual law source: uscode.house.gov ↗public domain

Whoever, being an officer or other person charged by any Act of Congress with the safe-keeping of the public moneys, loans, uses, or converts to his own use, or deposits in any bank, including any branch or agency of a foreign bank (as such terms are defined in paragraphs (1) and (3) of section 1(b) of the International Banking Act of 1978), or exchanges for other funds, except as specially allowed by law, any portion of the public moneys intrusted to him for safe-keeping, is guilty of embezzlement of the money so loaned, used, converted, deposited, or exchanged, 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.

Source credit: (June 25, 1948, ch. 645, 62 Stat. 727; Pub. L. 101–647, title XXV, § 2597(d), Nov. 29, 1990, 104 Stat. 4909; 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.)

history & why it existsrecord from the source credit
  • 1948Enacted · Act of June 25, 1948, ch. 645 · 62 Stat. 727
  • 1990Amended · Pub. L. 101-647 · 104 Stat. 4909
  • 1994Amended · Pub. L. 103-322 · 108 Stat. 2147, 2148
  • 1996Amended · Pub. L. 104-294 · 110 Stat. 3511

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

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