Enacts the "securing customer assets against malfeasance" or "S.C.A.M." act; increases penalties for a scheme to defraud; broadens the definitions of.

The bill enacts the "securing customer assets against malfeasance" or "S.C.A.M." act, which increases penalties for a scheme to defraud, broadens the definitions of commercial bribery and bribing a public servant, and creates the crime of structuring. It expands jurisdiction for tax revenue deprivation and increases penalties for defrauding the government and certain persons over the age of sixty-five. The act also includes provisions for corporate equity fines and the return of fraudulent proceeds.

Enacts the "securing customer assets against malfeasance" or "S.C.A.M." act; increases penalties for a scheme to defraud; broadens the definitions of.

The bill enacts the "securing customer assets against malfeasance" or "S.C.A.M." act, which increases penalties for a scheme to defraud, broadens the definitions of commercial bribery and bribing a public servant, and creates the crime of structuring. It expands jurisdiction for tax revenue deprivation and increases penalties for defrauding the government and certain persons over the age of sixty-five. The act also includes provisions for corporate equity fines and the return of fraudulent proceeds.