What is Embezzlement?
Embezzlement is a serious criminal offense that can affect an individual in many different ways. Their employment, reputation and the future of their career can be greatly affected; the charge can ultimately be life changing.
Embezzlement occurs when a person who is legally entrusted to manage or possess someone else’s property or money takes it for himself or herself. Embezzlement can occur on a large or small scale. It can be as simple as stealing petty cash and office supplies, to majorly defrauding a business by funneling large quantities into a personal account for personal use. Common forms of embezzlement are:
· Spending money from client funds / accounts
· “Cooking the books” or altering accounts, payroll, receipts, and other financial ledgers to account for missing funds
· Creating non-existent employees to redirect stolen funds
· Short-changing clients in common transactions
The amount of money that an individual is accused of embezzling plays a large role in determining how serious the penalties of the charge can be. The amount can also mean the difference between the crime being treated as a misdemeanor or a felony. The severity of the charges can mean the difference from a $1,000 to $150,000 fine, and six months to 10 years in prison
If you are convicted of a embezzlement in New Jersey, the consequences could alter your life forever. Fines, prison, time, and a criminal record could make it impossible to move forward. Do not face these allegations on your own. John W. Tumelty has been practicing criminal law in the state of New Jersey for more than 35 years. He has the experience needed to defend you against the most serious consequences of an embezzlement charge.
You can also email him to schedule a free consultation at his Marmora or Somers Point offices. He will look over the details of your case, discuss your criminal defense options, and strive to keep your criminal record clean. Schedule your consultation with our law offices today.