(a) Whoever embezzles, steals, purloins, or knowingly converts to his use or the use of another, or without authority, sells conveys or disposes of any record, voucher, warrant, money, or thing of value of the Virgin Islands or any department or agency thereof, or any property made or being made under contract with the Virgin Islands or the United States or any department or agency thereof;
(b) Whoever receives, conceals or retains the same as described in subsection (a) with intent to convert it to his use or gain, knowing it to have been embezzled, stolen, purloined or converted, shall be fined in an amount up to $10,000 under this section, in addition to full restitution, or imprisoned not more than five (5) years, or both; but if the value of the property converted does not exceed the sum of $1,000, the person shall be fined up to $1,000, in addition to restitution ordered under this section or imprisonment for not more than one year, or both.
(c) As used in this section and unless the context requires otherwise:
(1) “conversion” means an unauthorized assumption and exercise of the right of ownership or possession with the intent to own goods, chattels or money or any thing of value belonging to the Government of the Virgin Islands or of the United States or any department or agency thereof;
(2) “value” means face, par or market value, or cost of price, either wholesale or retail, whichever is greater.
(3) the term, “property”, means any record, voucher, warrant, money or thing of value.