Fraud Penalties According to Amount Defrauded
- Fraud related to substance, quantity, or quality of delivered items punishable with graduated penalties based on the amount involved.
- Fraud not exceeding 250 pesetas: minimum and medium degrees of arresto mayor.
- Fraud between 250 and 6,250 pesetas: from medium degree arresto mayor to minimum degree presidio correccional.
- Fraud between 6,250 and 50,000 pesetas: minimum and medium degrees of presidio correccional.
- Fraud exceeding 50,000 pesetas: maximum degree presidio correccional to minimum degree presidio mayor.
Scope and Effectivity
- Amendments apply to Articles 518 and 534 of the Philippine Penal Code concerning theft and fraud.
- The Act enforces more severe punishments to incentivize prevention and uphold justice.
- The law took effect immediately upon approval on November 28, 1925.