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What is Embezzlement?
Embezzlement is a type of financial fraud that involves the misappropriation or theft of funds or assets entrusted to someone for management or safekeeping.
Reach out to one of Combs Waterkotte's criminal defense lawyer in Missouri now at (314) 900-HELP.
Unlike theft, where the perpetrator unlawfully takes possession of someone else's property, embezzlement occurs when the perpetrator already has lawful access to the funds or assets but misuses or misappropriates them for personal gain. At Combs Waterkotte, we're prepared to defend these cases and ensure our clients' legal rights.
Embezzlement Embezzlement can occur in various settings, including businesses, nonprofits, government agencies, and financial institutions. Common examples of embezzlement include corporate fraud, employee theft, and financial advisor misconduct.
Embezzlement can be tried under both state and criminal law. The severity of the penalties depends on factors such as the amount of money or the value of the assets embezzled, the perpetrator's criminal history, and the jurisdiction's laws. Penalties for embezzlement may include fines, restitution to the victim, probation, and imprisonment. In addition to criminal charges, individuals convicted of embezzlement may also face civil lawsuits seeking damages for the losses incurred.
Embezzling Government Property
Schools, government agencies, and other organizations face embezzlement in various ways. If you have been alleged, charged, or convicted on embezzlement, it's important to know your rights and to take action immediately.
Regarding government allegations, the following legal elements are required to prove this type of embezzlement:
- There is a trust or fiduciary relationship between you and the rightful property owner
- The U.S. government owns the property or has an interest in the property
- You took possession of the property in the course of your employment
- You fraudulently converted or appropriated the property for your own use
- You intended to deprive the rightful owner of use of the property
If you're charged of embezzlement, it's crucial to contact a reputable criminal defense attorney as soon as possible. Call us at (314) 900-HELP or reach out online.
