720 ILCS 5/17-17 – Fraud in Stock Transactions
This law makes it illegal to cheat others by using fake or false stock ownership papers.
This Illinois law says that no one can trick people by creating or using false stock certificates or papers showing fake ownership in a company. If someone does this on purpose, it’s a Class 3 felony, which means it’s a serious crime.
(a) Anyone, including a person who works for a company, such as a bank or railroad, cannot knowingly and with intent to cheat others, create, sell, trade, or give away fake or false documents that pretend to show ownership of company stock.
(b) A company officer, director, or agent cannot knowingly sign or prepare fake or false stock certificates or ownership papers to be used or sold, especially if they are not legally allowed to do so.
(c) Sentence: Anyone who breaks this law commits a Class 3 felony.
Contact us online or call (314) 900-HELP to talk with a Southern Illinois criminal defense lawyer.
