Embezzlement is more than just simple theft. It’s taking advantage of your position of trust to steal or misappropriate funds or property that do not legally belong to you.
If you are facing embezzlement charges, it is important to be aware of what the law says and the potential possibilities of your case. That way, you will be better prepared to navigate your case and protect your rights while at it.
Embezzlement can either be a felony or misdemeanor
In embezzlement charges, the amount of money in question matters. It may determine whether you will be charged with a felony or misdemeanor. Generally, the more the money, the greater the penalties.
For instance, if the value of the embezzled property is $200 or less, you will be charged with a misdemeanor, punishable with a fine not exceeding $500 or three times the amount under consideration or a jail term not exceeding 93 days or both. You can be charged with a more serious form of a misdemeanor if either of the following applies.
- You have prior convictions for related offenses
- The victim is a non-profit or charitable organization
- The value of the property embezzled ranges between $200 to $1000
Anything more than $1000 is a felony offense, and you may face stiffer penalties depending on the value of the embezzled property. A conviction could send you behind bars for several years with thousands of dollars in fines.
Are you facing embezzlement charges?
Such charges are not to be taken lightly. You could lose your career, freedom and reputation on top of the financial implications of the fines that the court may impose on you. As such, it is advisable to have a solid defense that will help you fight your charges and increase the chances of avoiding a conviction.