Establishes the offense of financial institution accounts fraud with varying penalties based on the value obtained.
Mississippi SB2793 creates the offense of financial institution accounts fraud, with penalties based on the total value of the money, property, services, or other thing of value obtained. A misdemeanor is charged for amounts under $1,000, with a fine of up to $1,000 or six months in jail. For amounts between $1,000 and $5,000, it is a felony with a fine of up to $10,000 and up to ten years in prison. For amounts between $5,000 and $25,000, it is a felony with a fine of up to $10,000 and up to five years in prison.
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