- July 22, 2016
- Posted by: Amir Ladan
- Category: Criminal Law Blog
What Does This Entail?
Embezzlement is often referred to as white collar crime. White collar refers to professional or corporate workers. Embezzlement is larceny or theft of money or other assets by a person whose responsibility it was to oversee those assets. The penalties could include:
• Jail or prison time
• Return of the stolen money or property
• Restitution plus interest, penalty assessment fees, and fines
Embezzlement or an accusation of embezzlement is harmful to a person’s career, reputation, and future employment. Also, the amount of money that the court decides on as restitution might be such that the perpetrator of the crime might be repaying for many years to come.
Sometimes the person held responsible for the crime might not have actually stolen the money or property but instead employed accounting tactics to cover up the theft. Embezzlement could also involve company vehicles, computers, and other assets.
A crime is considered to be embezzlement if the person accused acted intentionally, the defendant was relied upon to properly oversee the asset(s), and the theft occurred through the relationship.
A top-notch attorney who is experienced in dealing with embezzlement cases might be able to do an out-of-court resolution. This resolution is the best option for avoiding criminal charges to be levied.
Therefore, if you have been accused of embezzlement, the best course of action is to contact an attorney immediately before signing a confession, agreeing to attend a meeting with your employer and their representatives, et cetera. A criminal defense attorney is on your side.