18 USC 225 - Continuing financial crimes enterprise

U.S Code last checked for updates: May 07, 2024

§ 225.

Continuing financial crimes enterprise

(a)

Whoever—

(1)

organizes, manages, or supervises a continuing financial crimes enterprise; and

(2)

receives $5,000,000 or more in gross receipts from such enterprise during any 24-month period,

shall be fined not more than $10,000,000 if an individual, or $20,000,000 if an organization, and imprisoned for a term of not less than 10 years and which may be life.

(b)

For purposes of subsection (a), the term “continuing financial crimes enterprise” means a series of violations under section 215, 656, 657, 1005, 1006, 1007, 1014, 1032, or 1344 of this title, or section 1341 or 1343 affecting a financial institution, committed by at least 4 persons acting in concert.

(Added Pub. L. 101–647, title XXV, § 2510(a), Nov. 29, 1990, 104 Stat. 4863.)

cite as: 18 USC 225