Division 2 Offences against All Types of Property Subdivision 1 Fraud § 209. Fraud (1) A person who receives proprietary benefits by knowingly causing a misconception of existing facts shall be punished by a pecuniary punishment or up to 3 years’ imprisonment. (2) The same act, if committed: 1) by a person who has previously committed fraud, larceny or embezzlement; 11) by an official; [ - entry into force 15.03.2007] 2) on a large-scale basis; 3) by a group or a criminal organisation; or 4) by addressing the public, is punishable by 1 to 5 years’ imprisonment. (3) An act provided for in subsection (1) or (2) of this section, if committed by a legal person, is punishable by a pecuniary punishment. § 210. Benefit fraud (1) For the purposes of this section, means a payment made without charge or partly “benefit” without charge out of the funds of the state budget or a local government or other public funds to a person engaging in economic activities, or a tax incentive for promoting economic activities. (2) A person who receives a benefit by fraud or uses a benefit for purposes other than its intended purpose shall be punished by a pecuniary punishment or up to 5 years’ imprisonment. (3) The same act, if committed by a legal person, is punishable by a pecuniary punishment. § 211. Investment fraud (1) A person engaging in economic activities who receives an investment through presentation of false information in a prospectus or among other information addressed to the public shall be punished by a pecuniary punishment or up to 5 years’ imprisonment. (2) The same act, if committed by a person, is punishable by a pecuniary punishment.
Division 2 Offences against All Types of Property Subdivision 1 Fraud § 209. Fraud (1) A person who receives proprietary benefits by knowingly causing a misconception of existing facts shall be punished by a pecuniary punishment or up to 3 years’ imprisonment. (2) The same act, if committed: 1) by a person who has previously committed fraud, larceny or embezzlement; 11) by an official; [ - entry into force 15.03.2007] 2) on a large-scale basis; 3) by a group or a criminal organisation; or 4) by addressing the public, is punishable by 1 to 5 years’ imprisonment. (3) An act provided for in subsection (1) or (2) of this section, if committed by a legal person, is punishable by a pecuniary punishment. § 210. Benefit fraud (1) For the purposes of this section, “benefit” means a payment made without charge or partly without charge out of the funds of the state budget or a local government or other public funds to a person engaging in economic activities, or a tax incentive for promoting economic activities. (2) A person who receives a benefit by fraud or uses a benefit for purposes other than its intended purpose shall be punished by a pecuniary punishment or up to 5 years’ imprisonment. (3) The same act, if committed by a legal person, is punishable by a pecuniary punishment. § 211. Investment fraud (1) A person engaging in economic activities who receives an investment through presentation of false information in a prospectus or among other information addressed to the public shall be punished by a pecuniary punishment or up to 5 years’ imprisonment. (2) The same act, if committed by a person, is punishable by a pecuniary punishment.
Penal%20Code%20Estonia%202001.docx