Embezzlement Attorney Troy

If you’re facing embezzlement charges, it’s important to understand that the consequences of a conviction can alter your life as you know it. Better understanding the charge and your legal options are paramount, and an experienced embezzlement attorney in Troy can help.

White Collar Crime

Embezzlement is a form of white collar crime, which the Federal Bureau of Investigation (FBI) defines as nonviolent financial crimes that are, nonetheless, not without victims. White collar crimes generally involve someone who is in a position of authority using that position for personal financial gain. The most common example of a white collar crime, which is a form of embezzlement, is an employee entrusted with managing company funds who siphons off some of those funds for his or her own personal use.

Embezzlement

Embezzlement boils down to theft, but there is a distinction that lies in the relationship between the person who steals the property and the property itself. To embezzle, the person charged must be in a relationship of entrustment with regard to the property that is stolen, which is often money, and that entrustment typically involves monitoring or managing the property for someone else. While the embezzler has a managerial relationship with the property that is embezzled, the relationship does not extend to ownership.

Charges

In Ohio, embezzlement charges are brought in accordance with the state’s theft statute, which means that the seriousness of the charge depends upon the value of the embezzled property. When the value is under $1,000, the charge is a first-degree misdemeanor, but when the value exceeds $1,000, the charge is bumped up to a felony.

The Penalties

The penalties associated with embezzlement charges are serious and include:

• A conviction for embezzlement of property that is worth less than $1,000 comes with up to 180 days in jail and with fines of up to $1,000.
• A conviction for embezzlement of property that is worth from $1,000 to $7,500 comes with up to one year in jail and with fines of up to $2,000.
• A conviction for embezzlement of property that is worth from $7,500 to $150,000 comes with up to 18 months in prison and with fines of up to $5,000.
• A conviction for embezzlement of property that is worth from $150,000 to $750,000 comes with up to 36 months in prison and with fines of up to $10,000.

The penalties increase from here, and these are not to mention the serious social consequences that accompany embezzlement convictions.

Look to an Experienced Embezzlement Attorney in Troy for the Help You Are Looking For

If you are facing an embezzlement charge, the veteran embezzlement attorneys at The VanNoy Firm recognize how serious your situation is and are well prepared to employ the full strength of their impressive legal experience in focused pursuit of your case’s optimal outcome. Your case and your future are important, so please do not hesitate to reach out and contact us for more information about how we can help you today.