Anyone who, by action or omission, defrauds the general budgets of the European Union or other budgets administered by it, in an amount exceeding fifty thousand euros, by evading, outside the cases contemplated in paragraph 3 of Article 305, the payment of amounts that must be paid or, outside the cases contemplated in Article 308, giving the funds obtained an application other than that for which they were intended or by unduly obtaining funds by falsifying the conditions required for their granting or concealing those that would have prevented it, shall be punished with a prison sentence of one to five years and a fine of one to six times the aforementioned amount and the loss of the possibility of obtaining public subsidies or aid and the right to enjoy tax or social security benefits or incentives for a period of three to six years.
If the amount defrauded or misapplied does not exceed fifty thousand euros, but exceeds four thousand, a prison sentence of three months to one year or a fine of one to three times the aforementioned amount will be imposed, and the loss of the possibility of obtaining public subsidies or aid and the right to enjoy tax or Social Security benefits or incentives for a period of six months to two years.