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Mass. Gen. Laws ch. 151D, § 6

Embezzlement or misappropriation of trust funds; fraud; penalties

Any trustee, plan administrator, official, employee or other person who is convicted of embezzling or misappropriating trust funds or funds, securities or other property entrusted to his care or custody, or of falsification of records or destruction of records with intent to defraud, or of willfully and knowingly filing false statements or of violating the provision of subsection (c) of section three, shall be punished by a fine of not more than ten thousand dollars or by imprisonment in a jail or house of correction for not more than five years, or both.

Official source: Massachusetts Legislature. Reproduced from public-domain Massachusetts statutes; confirm against the official source for the current text. Not legal advice.