While theft is mostly associated with more violent and intense acts, like armed robbery or carjacking, there are other forms of the crime that usually fall within the walls of the workplace. Although it is not always the case, embezzlement usually involves a trusted employee stealing money, or property, from their employer. And even though it doesn’t involve holding someone at gunpoint, or picking pockets, there are still real consequences to such a crime.

Defining Embezzlement

Embezzlement is a form of theft, generally involving the stealing of money or property from a trusted individual. Considered a white-collar crime, embezzlement can be defined as the theft or misappropriation of money or property by a person in a position of trust for said assets, generally by their employer. The person of trust is generally an official working with finance, an officer or agent to whom money is entrusted, or a person acting as an executor, administrator or conservator. Their position of trust usually stems from their employment, assignment from the court or legal documents, or their responsibility of collecting money or property on behalf of someone else. The fact that embezzlement is an intentional form of fraud distinguishes it from other acts of theft. 

Being Charged With Embezzlement

There are various levels of embezzlement based on the dollar amount of what is being stolen, and this will cause for varying sentences. A stolen amount of less than $200 will lead to up to 6 months in jail and a fine of $1,000 or double the victim’s loss, whichever is greater. If the value is between $200-$500, the person will be charged with crime in the fourth degree, punishable by up to 18 months in jail, and up to $10,000 in fines. $500-$75,000 is a third degree crime, with up to 5 years in prison and $15,000 in crimes. Anything stolen with a value greater than $75,000 is a crime in the second degree, with prison time ranging from 5-10 years, and a fine of up to $150,000, or double the victim’s loss. 

Our Experts can Help Combat a Conviction

If you have been charged with embezzlement, there are ways to fight it. Possible defenses against such a conviction include lack of intent, duress and entrapment. Just because you may be accused of this kind of thievery, doesn’t always mean you’re guilty. Our expert attorneys at Catanzaro Law know the ins and outs of such accusations, and are determined to fight for your innocence. With experienced and knowledgeable help, we’ll be sure to make the best out of your case. If you’re facing charges of embezzlement, contact us today for a free consultation and be sure you’re properly represented in the court of law.