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State Law
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California Penal Code Section 500Legal Research Home > California Lawyer > Penal Code > California Penal Code Section 500 (a) Any person who receives money for the actual or purported purpose of transmitting the same or its equivalent to foreign countries as specified in Section 1800.5 of the Financial Code who fails to do at least one of the following acts unless otherwise instructed by the customer is guilty of a misdemeanor or felony as set forth in subdivision (b): (1) Forward the money as represented to the customer within 10 days of receipt of the funds. (2) Give instructions within 10 days of receipt of the customer's funds, committing equivalent funds to the person designated by the customer. (3) Refund to the customer any money not forwarded as represented within 10 days of the customer's written request for a refund pursuant to subdivision (a) of Section 1810.5 of the Financial Code. (b) (1) If the total value of the funds received from the customer is less than four hundred dollars ($400), the offense set forth in subdivision (a) is punishable by imprisonment in the county jail not exceeding one year or by a fine not exceeding one thousand dollars ($1,000), or by both imprisonment and fine. (2) If the total value of the money received from the customer is four hundred dollars ($400) or more, or if the total value of all moneys received by the person from different customers is four hundred dollars ($400), or more and the receipts were part of a common scheme or plan, the offense set forth in subdivision (a) is punishable by imprisonment in the state prison for 16 months, 2, or 3 years, by a fine not exceeding ten thousand dollars ($10,000), or by both imprisonment and fine.Section: Previous 496d 497 498 499 499b 499c 499d 500 501 502 502.01 502.5 502.6 502.7 502.8 Next California Lawyers
Last modified: July 31, 2008 |