Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Chapter 266 of the General Laws, as appearing in the 2010 Official Edition is hereby amended by inserting after section 67C the following section:
Section 67D. Whoever:
(1) defrauds or attempts to defraud the commonwealth, any of its political subdivisions, or any authority established by the general court to serve a public purpose, of any money, property or anything of substantial value, including the wrongful withholding of said money, property or anything of substantial value from any of these entities; or
(2) obtains or attempts to obtain money, property or anything of substantial value, by means of false or fraudulent pretenses, representations, or promises;
shall be punished by a fine of not more than $10,000 or by imprisonment in the state prison for not more than 5 years, or in the house of correction for not more than 2 1/2 years, or both.
SECTION 2. Section 68 of said chapter 266, as so appearing, is hereby amended, in line 1, by striking out the word “three” and inserting in place thereof the following: 4