Publication of False Statement or Representation Concerning Land or Subdivision:

Violation of Provisions or Order; Punishment; Trial for Suspension or Revocation of License; Prosecutions by Attorney General. Every officer, agent or employee of any company, and every other person who knowingly authorizes, directs or aids in the publication, advertisement, distribution or circularization of any false statement or representation concerning any land or subdivision thereof, offered for sale or lease, or, if the land is owned by the Guam or Federal government, which such person offers to assist another or others to file an application for the purchase or lease of, or to locate or enter upon, and every person who, with knowledge that any advertisement, pamphlet, prospectus or letter concerning any said land or subdivision, contains any written statement that is false or fraudulent, issues, circulates, publishes or distributes the same, or causes the same to be issued, circulated, published or distributed, or who, in any other respect, willfully violates or fails to comply with any of the provisions of this Section, or who in any other respect willfully violates or fails, omits or neglects to obey, observe or comply with any order, permit, decision, demand or requirement of the Commissioner under this Section, is guilty of a felony, and shall be punished by a fine not exceeding Twenty-Five Thousand Dollars ($25,000), or by imprisonment, and, if a real estate licensee, he shall be given a hearing by a Commissioner for a suspension or revocation of his license, as provided in the provisions of this Title relating to hearings. The Attorney General shall prosecute all violations of the provisions of this Section.