White Collar Criminal Defense: Understanding Embezzlement Charges

If you or a loved one is being charged with embezzlement, it is important to understand the situation right away. This is a very serious charge, and one that comes with very serious punishments. For that reason, it’s important that you have a lawyer on your team from the beginning. In this blog entry, we’ll dive deeper into embezzlement charges and explain what you can expect as you move forwards. Please contact us today if you need immediate legal assistance!

What Is Embezzlement?

Embezzlement is a crime that in many ways is similar to theft, except there exists a relationship of trust between the individual and the person who owns the money or property that is being stolen. In most cases, it is an employee/employer relationship, but it could also be a situation where one person has access to a client’s money for investing or other activities. While it is considered a white collar crime, the punishments can be severe because of the betrayal of trust.

Potential Penalties

The potential penalties for embezzlement are significant, and are not merely limited to criminal consequences. In fact, there are a number of different ways that merely being charged with this type of crime can cause you problems:

  • Reputation – Just being charged with embezzlement will cause you some very serious issues with your reputation. Clients, friends, and even family may stop trusting you, which can create serious financial and social challenges.
  • Restitution – A guilty verdict in an embezzlement case will require you to repay the money that was stolen. Even if you have no money, a criminal judgment will be entered, which can be enforced and used to garnish your wages or seize your personal property, among other things.
  • Prison Time – As with all crimes, you could be facing significant prison time, and a lengthy term of probation. Being separated from your family, and unable to earn a living, can have far reaching consequences beyond any sentence handed down by a court.

What to Do

Whether you are a cashier charged with taking money out of the register, or a hedge fund manager charged with stealing a client’s millions, the first thing you need to do when charged with embezzlement is contact an attorney with experience defending these types of charges. A good attorney can help ensure you get a fair hearing and minimize any long term impact for you and your family.

If you have been charged, or even suspect that you might be charged in the future, give us a call at (305) 373-4400  today. We will be at your side, protecting your interests, every step of the way.

Written by Law Offices of Barry M. Wax

Law Offices of Barry M. Wax

For 34 years, I have provided both State- and Federal-Level representation for those facing charges ranging from wire fraud, mortgage fraud, and healthcare fraud to identity theft, drug trafficking, money laundering, murder, DUI, domestic violence and numerous other criminal charges. In every case, it is my commitment to one-on-one service and support that has separated the Law Offices of Barry M. Wax from other criminal defense firms. When it comes to your future, you need a strong defense and the ability to make the right choices and regain control of your life.