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Embezzlement is a form of property theft in which an individual who has a responsibility to monitor someone else’s money or property ends up taking part or all of their assets for personal gain. While embezzlement can happen in a multitude of ways, this type of crime is associated with harsh penalties that could potentially ruin your career and reputation.
Typical embezzlement cases include the following:
- An employee stealing money from their employer
- A trustee who takes money or property from a trust
- An accountant, pension fund manager or investment manager who steals funds from their clients
- An employer who illegally redirects funds from employee pension funds or exploits company assets
If you are currently under investigation for embezzlement, the Philadelphia criminal defense attorneys of Law Offices of Lloyd Long possess the extensive knowledge of Pennsylvania and federal laws and the courtroom expertise to help you get the charges you’re facing reduced or your case entirely dismissed.
Since embezzlement occurs in various forms, penalties and sentences are similar to all other theft offenses prosecuted by the state. The sentencing for each offense depends on the value of property or type of property which was stolen.
The following are the punishments for embezzlement based on the stolen value or property, assets or money:
- Less than $50
- Maximum jail sentence of one year
- Fine of up to $2,500
- More than $50, but not over $200
- Maximum prison sentence of two years
- Fine of up to $5,000
- More than $200, but not over $2,000
- Maximum prison sentence of five years
- Fine of up to $10,000
- More than $2,000
- Maximum prison sentence of seven years
- Fine of up to $15,000
If the property that was involved in the embezzlement offense was acquired during a manmade, natural, or war-caused disaster, penalties include a maximum prison sentence of 10 years and/or a fine of up to $25,000. If those working as school treasurers are convicted of embezzling school money or property, they will face a jail or prison sentence between 30 days and five years and/or a fine between $25 and $1,000.
Let Us Protect Your Rights, Reputation and Freedom
If you are accused of embezzlement, not only are you facing lengthy jail/prison sentences and expensive fines, having a mark for this type of crime on your criminal record can negatively affect your life forever. Our defense team at Krasner & Long is comprised of experienced attorneys, skilled investigators, and scientific experts for a plethora of theft cases. When the stakes are this high, it’s imperative to hire our Philadelphia criminal defense attorneys today.
Contact us and schedule your initial consultation today.