§714m Crimes and Offenses

Summary

Makes it a crime to lie to, cheat, or steal from the Commodity Credit Corporation. If you knowingly make false statements or willfully overvalue a security to influence the Corporation or to get money or property, you can be fined up to $10,000, jailed up to five years, or both. If you work with the Corporation and steal or misuse money or property, make false books or records, issue fake obligations, or take money or benefits by fraud, the same penalties apply. If you steal or convert property the Corporation owns or has a claim on, the punishment depends on the value: more than $500 — up to $10,000 fine or up to five years in jail or both; $500 or less — up to $1,000 fine or up to one year in jail or both. Planning with others to do these crimes brings the same penalties. General federal criminal laws also apply to the Corporation, its property, contracts, employees, and operations, except where those laws overlap with the crimes above. Sections 431 and 432 of Title 18 do not apply to contracts the Corporation may make with farmers in its programs. No one may use the words "Commodity Credit Corporation" as a business name; doing so is a misdemeanor punishable by up to $1,000 fine or up to one year in jail, or both.