Commonly regarded as a form of white collar crime, embezzlement refers to an act involving theft by an employee for financial benefit. Embezzlement charges may arise in a situation where an individual commits an act of theft after he or she is entrusted with money or goods by an employer.
The key distinction with a case of embezzlement is this: the individual has control and access to another’s money or goods, but does not have legal ownership of those goods or money. So, in sum, embezzlement involves a combination of theft and a violation of trust, which makes this crime a bit more serious than the charge that may result if the theft was committed under other circumstances.
In Texas, embezzlement can carry some steep penalties. Depending upon the amount of money or the value of the property involved, this offense can be charged as a misdemeanor or as a felony. Therefore, if you have been accused of embezzlement, it’s vital that you consult the experienced team of Texas defense lawyers with the Law Offices of Jeffrey C. Grass, as we represent clients across Texas, including Plano, Dallas, and Fort Worth.
If you or a loved one are under investigation or have been arrested for embezzlement in Collin County, we encourage you to contact us immediately to arrange a confidential case evaluation. Call the Law Offices of Jeffrey C. Grass at (972) 422-9999.
Common Questions and Concerns About a Texas Embezzlement Charge
State and federal authorities devote substantial time investigating complex accounting and business models in an attempt to uncover corporate theft. When an arrest is made, there is a good chance that law enforcement has already collected damaging evidence as they pursue a conviction. This can be very frightening if you’re the person who is under investigation.
At the Law Offices of Jeffrey C. Grass, we defend clients who are facing a variety of white collar crimes, including fraud and embezzlement. Embezzlement can carry some steep penalties and in some cases, the defendant is prosecuted for a felony. As a result, it’s natural for a person to feel concerned and frightened as their case moves through the legal system. Our goal is to help answer your questions and address your concerns, as we believe this can reduce much of the stress that you experience.
What’s Considered Embezzlement in Collin County? How Does Embezzlement Occur?
Embezzlement cases involve many different circumstances. A majority of white collar crimes involving embezzlement involve a business. For example, a cashier or bank teller may have access to money, and he or she is entrusted to handle those funds in a responsible manner. Taking that money would be considered embezzlement since it’s theft while in a position of trust.
An accountant or company employee may also be accused of embezzlement. This allegation may also be leveled against professionals, such as an attorney entrusted to manage a trust fund, an investor charged with handling and investing a client’s money or a family member who is tasked with handling a loved one’s financials due to their role as a power of attorney.
Embezzlement charges may result any time there is evidence of theft of goods or finances involving a person who is in a position of trust.
What are the Penalties for Embezzlement in Collin County and the state of Texas?
Embezzlement penalties vary in Texas depending upon the value of the goods or the amount of money involved in the offense. Here is a look at which cases are charged as a misdemeanor and which are charged as a felony and the potential penalties for each type of case.
Value up to $1,500 – This is considered a misdemeanor, with a maximum penalty of 1 year in jail.
$1,500 to $20,000 – This is considered a state jail felony, with a maximum penalty of 2 years in state jail.
$20,000 to $100,000 – This is considered a third-degree felony, with a maximum penalty of 2 to 10 years in prison.
$100,000 to $200,000 – This is considered a second-degree felony, with a maximum penalty of 2 to 20 years in prison.
Over $200,000 – This is considered a first-degree felony, with a maximum penalty of 5 to 99 years in prison.
If convicted, it is also typical for the courts to order you to pay restitution for any money and/or goods that could not be recovered and returned to the victim.
Notably, if embezzlement is committed by a so-called “public servant,” that individual may see an enhancement in the seriousness of the offense. Therefore, an offense that would normally be prosecuted as a second-degree felony would be upgraded in seriousness to a first-degree felony.
Contact Our Texas Criminal Defense Lawyers if You’ve Been Accused of Embezzlement
Whether you are suspected of embezzling and stealing money from your employer or spearheading accounting fraud, we will protect your rights. We will conduct a thorough investigation focused on uncovering any false assumptions or contradictory information obtained against you.
We also consult forensic accountants to analyze the financial records and paper trails in question. Our detailed approach helps us sort through a complex chain of evidence for your business. In fact, we believe it’s vital for your defense attorney to learn precisely how your business model or accounting system works. When appropriate, we will negotiate with prosecutors and explain a company’s multifaceted business and accounting structure.
Our law firm has established a high level of credibility with local authorities; this helps us to effectively address any misconceptions about your business model.
At the Law Offices of Jeffrey C. Grass, we serve clients in Dallas County, Collin County, and Denton County, including the cities of Dallas, Fort Worth, and Plano.
Founded by Attorney Jeffrey Grass, who has been practicing law since 1993, our law offices have earned the respect of many professionals in the industry. Attorney Grass’ experience includes time as a U.S. Navy Judge Advocate (JAG). He was also selected as one of the Top 100 Lawyers by the National Trial Lawyers Association. Additionally, he maintains an AV® Preeminent Peer Review Rating from Martindale-Hubbell®.
If you’ve been accused of embezzlement, you must take action immediately to avoid serious penalties. Arrange a free, confidential consultation session with the Law Offices of Jeffrey C. Grass by calling (972) 422-9999.