Embezzlement occurs when an individual entrusted with funds, goods or property of a business or organization misappropriates the valuables for their benefit. It is a criminal offense to use the valuables for any reason or purpose other than what the owner intended. An important factor in these cases is that the individual intentionally defrauded the lawful owner or stole the valuables.
The severity of the offense will determine whether you are subject to misdemeanor or felony charges. Embezzlement is typically described as a white collar crime. You can face state and federal charges for the same alleged criminal act. This increases the potential punishment for the offense.
The value of the property will influence the penalties for the crime. The judge can impose fines up to $1,000, up to six months in jail and restitution for a misdemeanor offense. Embezzling more than $2,500 is a felony. The penalties include restitution, up to ten years in prison and a fine up to $10,000. The judge can require that you pay interest.
If you’re charged with embezzlement, contact our office to discuss your case. Our team can evaluate the strength of the evidence. We will determine whether others had access to the money or paperwork. A bookkeeping error could be responsible for the discrepancy.