§ 650. — Depositaries failing to safeguard deposits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 18USC650]
TITLE 18--CRIMES AND CRIMINAL PROCEDURE
PART I--CRIMES
CHAPTER 31--EMBEZZLEMENT AND THEFT
Sec. 650. Depositaries failing to safeguard deposits
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,
Sec. 330016(1)(H), (2)(G), Sept. 13, 1994, 108 Stat. 2147, 2148; Pub. L.
104-294, title VI, Sec. 606(a), Oct. 11, 1996, 110 Stat. 3511.)
Historical and Revision Notes
Based on title 18, U.S.C., 1940 ed., Sec. 174, (Mar. 4, 1909, ch.
321, Sec. 88, 35 Stat. 1105; May 29, 1920, ch. 214, Sec. 1, 41 Stat.
654.)
Mandatory punishment provisions stated in alternative.
The smaller punishment for offenses involving $100 or less was
added. (See reviser's 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, Sec. 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, Sec. 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, Secs. 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.
Section Referred to in Other Sections
This section is referred to in section 649 of this title.