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Embezzlement Lawyers

Are You Facing Embezzlement Charges? You Need an Experienced Attorney

If you are facing embezzlement charges, then you will need an experienced attorney. According to New York laws, embezzlement charges have serious consequences. Embezzlement is considered a form of property theft. In most cases, embezzlement occurs when an individual has trusted another person to manage or monitor his or her property, and the person who was trusted to manage the property steals a portion or all of the money or property for his or her personal benefit.

With embezzlement cases, it is important to remember the defendant was granted legal access to another individual’s property. However, the defendant did not have legal ownership of the property, so it is considered stealing. Along with stealing, the defendant also broke a position of trust. When these two factors are combined, it is considered embezzlement.

There are many instances when embezzlement can occur. If a bank employee has legal authorization to handle an account owner’s money, and then takes the money for his or her personal gain, then it is considered embezzlement. Employees of companies can also embezzle money that belongs to the company they work for, and professionals can also embezzle clients or investors funds for personal gain.

What are the Penalties for Embezzlement in New York?
According to New York laws, embezzlement is punishable according to the amount or type of property that was taken.

If the funds or property stolen was valued at $1,000 or less, then penalties include a maximum fine of $1,000 or twice the amount that was embezzled. Furthermore, the accused could face a jail sentence of up to one year.

If the money or property was valued at more than $1,000 but less than $3,000, then the accused could face a fine up to $5,000 or twice the amount that was embezzled. The accused could also face up to four years in prison. In this group, property can include:

  • Firearms
  • Public records
  • Classified scientific documents
  • Credit cards
  • Debit cards

In addition, this group also includes any amount of ammonia that is stolen to manufacture methamphetamine, religious belongings that are valued at more than $100, or an automobile that is valued at more than $100.

If an individual has stolen property or money that is more than $3,000 but less than $50,000, then he or she could face a maximum prison sentence of seven years and a fine up to $5,000 or twice the amount that was embezzled. This also includes embezzling an automatic teller machine (ATM). When embezzling an ATM or the contents inside, the value of the property or cash that was taken does not matter.

If the accused embezzled more than %50,000 but less than $100,000, then he or she could face a fine of $15,000 or twice the amount that was embezzled. In addition, the accused could also face up to 15 years in prison.

If an individual has embezzled more than $100,000, then he or she could face a fine up to $30,000 or twice the amount that was embezzled. Furthermore, the accused could face up to 25 years in prison.

Why You Need an Experienced Legal Team
If you are facing embezzlement charges, then it is vital to seek legal representation as soon as possible. An experienced attorney who is accustomed to handling embezzlement cases can provide you with the legal advice you need. The legal team at Raiser and Kenniff, PC, can help those who are accused of embezzlement.