Massachusetts General Laws ch. 266 sec. 50 – State treasury; fraud or embezzlement by employee
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Section 50. A person employed in the treasury of the commonwealth who commits a fraud or embezzlement therein shall be punished by a fine of not more than two thousand dollars or by imprisonment in the state prison for life or for any term of years.
Terms Used In Massachusetts General Laws ch. 266 sec. 50
- Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
- Fraud: Intentional deception resulting in injury to another.