2019 US Virgin Islands Code
Title 11 - Commerce, Technology and Trade
Chapter 23 - Small Business Development
Subchapter I - Small Business Development Agency
§ 1264. Offenses and penalties; false statements; overevaluation of securities

(a) Whoever makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or for any applicant any loan, or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release, or substitution of security therefor, or for the purpose of influencing in any way the action of the Agency, or for the purpose of obtaining money, property, or anything of value, under this chapter, shall be punished by a fine of not more than $5,000, or by imprisonment for not more than five years, or both.

(b) Whoever, being connected in any capacity with the Agency, (1) embezzles, abstracts, purloins, or willfully misapplies any moneys, funds, securities, or other things of value, whether belonging to it or pledged or otherwise entrusted to it, or (2) with intent to defraud the Agency or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiner of the Agency, makes any false entry in any book, report, or statement of or to the Agency, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof, or (3) with the intent to defraud participates or shares in or receives directly or indirectly any money, profit, property, or benefit through any transaction, loan, commission, contract, or any other act of the Agency, or (4) gives any unauthorized information concerning any future action or plan of the Agency which might affect the value of securities, or, having such knowledge, invests or speculates, directly or indirectly, in the securities or property of any small business concern receiving loans or other assistance from the Agency, shall be punished by a fine of not more than $10,000 or by imprisonment for not more than five years, or both.