(a) Any person who willfully violates any provision of this act or knowingly violates
any cease and desist order issued under this act commits a severity level 7, nonperson
felony. Any violation of this act committed on or after July 1, 1993, resulting in a loss
of $25,000 or more, regardless of its location on the sentencing grid block, shall
have a presumptive sentence of imprisonment.
(b) Prosecution for any crime under this act must be commenced within five years after
the alleged violation. A prosecution is commenced when a complaint or information is filed, or an indictment
returned, and a warrant thereon is delivered to the sheriff or other officer for execution. No such prosecution shall be deemed to have been commenced if the warrant so issued
is not executed without unreasonable delay.
(c) The commissioner shall prepare and refer such evidence as may be available concerning
criminal violations of this act or of any rule and regulation or order hereunder to
the attorney general, or in consultation with the attorney general to the proper county
or district attorney, who may, in such prosecutor's discretion, with or without such
a reference, institute the appropriate criminal proceedings under the laws of this
state. The commissioner may pay extradition and witness expenses and other costs associated
with the case. The commissioner and persons employed by the administrator shall assist in the prosecution
of criminal cases as requested by the attorney general or county or district attorney.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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