Well since it's testimony sworn under oath it should be truthful. DOH!
Mail Fraud and Wire Fraud (18 USCA §§ 1341 & 1343, as amended by PL 107-204, Section 903)
A person commits mail or wire fraud when he intentionally participates in a scheme to defraud another person of money or property and uses mail or interstate wire communications in furtherance of that scheme. To prove mail and wire fraud, the government must prove, beyond a reasonable doubt: (1) the defendant knowing and willingly participated in the scheme or artifice to defraud with specific intent to fraud, and (2) use of the mails or interstate wire communications in furtherance of that scheme. The penalty is imprisonment for up to 20 years and a fine of up to $250,000. But if a financial institution is involved the penalty is imprisonment of up to 30 years and a fine of up to $1,000,000.
Fraud And False Statements (18 USCA § 1001)
A person commits this offense when, in any matter within the jurisdiction of the executive, legislative, or judicial branch of the United States government, he knowingly and willfully (1) falsifies, conceals, or covers up by any scheme or device of a material fact; (2) makes any materially false, fictitious, or fraudulent statement or representation; or (3) makes or uses any false writing or document knowing the same to contain any materially false, fictitious, or fraudulent statement or entry. The penalty is up to five years in prison, or a fine of up to $250,000, or both.
Untrue Statements or Omissions of Material Facts. 15 USCA § 77l(2) establishes liability for untrue statements of material facts or for omissions of material facts. This liability is not limited to misstatements made in the registration statement. It imposes liability for misstatements made orally or in writing other than the registration statement. It also applies regardless of whether the security is registered or required to be registered.
