More Information About Embezzlement and When to Contact a Lawyer
Embezzlement involves taking a significant amount of money from a business for personal use. Unlike most crimes, this often involves hundreds of thousands to millions of dollars and can include serious consequences such as a significant amount of time in jail and needing to repay the money plus penalties. Those accused of this crime will want to speak with a defense lawyer as quickly as possible.
What is Embezzlement?
Embezzlement is taking money for personal use by an employee after it was entrusted to them by a business. Put plainly, it’s taking money that is supposed to be used for a business and putting it into a personal account to use for personal expenses or debt. Embezzlement of more than $2,500 is considered a felony charge and can lead to a year or longer in jail, depending on the amount that was stolen. Large amounts, typically in the hundreds of thousands or millions range, can lead to a decade or longer in jail.
One of the most common examples is someone taking money from the business accounts and moving it to their own accounts. This is typically done with a small amount of money at a time, with the hopes it will not be noticed since they’re the one in charge of the business finances. However, when it’s done on a regular basis, the amount stolen can add up very quickly over time.
When Should a Lawyer be Contacted?
If a person becomes aware they are under investigation for embezzlement, they need to speak with a lawyer right away. The lawyer can provide advice on how to handle the investigation so they do not do anything that could make the situation much worse. If they are not aware of an investigation and are arrested, they will need to contact a lawyer as soon as possible after their arrest to start getting the help they need.
If you believe you are under investigation for embezzlement, make sure you contact a White Collar criminal defense lawyer immediately. This type of lawyer has experience handling cases like yours and can start to help you even if you have not been arrested yet. Contact them today to get more information on how they can help you.