Rhode Island · Rhode Island General Laws — Title 11, Criminal Offenses
R.I. Gen. Laws (Title 11) § 11-41-12: Fraudulent conversion by agent or factor
What this law says, in plain English
An agent or factor who fraudulently converts deposited goods or documents entrusted to them as security, applying proceeds to their own use with intent to defraud, commits a felony punishable by up to $1,000 fine and/or up to 5 years imprisonment.
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