Federal · Title 18 — Crimes and Criminal Procedure

18 U.S.C. § 650: Depositaries failing to safeguard deposits

Felony

What this law says, in plain English

A public depositary who fails to safeguard U.S. government money is guilty of embezzlement, punishable by fine and/or imprisonment up to 10 years (or up to 1 year if under $1,000).

Read the full statutory text

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.

Verify at the official source: Federal legislative text

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.