At Ascheman Law, we will make sure you understand the charges you face, and ensure that your rights are protected and that you receive the best possible resolution for your case. If you have questions and are in need of professional and effective legal representation, contact Ascheman Law now. Remember, your first consultation is free.
What is Embezzlement?
Embezzlement is a type of financial fraud that occurs when someone who has been entrusted with another’s property, known as a fiduciary, uses that position of trust to commit a Theft. Often times, this involves a situation where an employee is charged with stealing company money while performing the duties of his or her job. Degrees of the embezzlement may range from the stealing of small amounts of money to very elaborate schemes involving large sums of money. The key difference between Embezzlement and Theft is the level of trust given to the embezzler. With Theft, there was never any trust put on the person to protect the property.
What are the consequences if convicted?
Unlike many other criminal offenses, which are only defined in statutes, Embezzlement is detailed in Article XI, Section 13 of the Minnesota Constitution. Any person convicted of Embezzlement is automatically convicted of a felony. Beyond the immediate consequences of an Embezzlement conviction that are imposed by the court, such a conviction can affect the rest of your life. It may prohibit you from obtaining employment, leasing an apartment, holding a fiduciary position and more.
The sentence imposed by the court depends on the value of funds embezzled. If the value is $2,500 or less, the conviction carries a maximum sentence of five year imprisonment and/or a fine of no more than $10,000. If the value is more than $2,500, the conviction carries a maximum sentence of 10 year imprisonment and/or a fine of no more than $20,000.
What to do:
If you or someone you love has been charged with Embezzlement, it is important to contact a criminal defense attorney right away. At Ascheman Law, we understand how even the implication of Embezzlement can have a negative effect on both your private and professional life. We will work to not only to fight for your rights, but also in a way that ensures as much privacy as possible, as we know Embezzlement often catches the eye of the media. Call us today at 612-217-0077 to set up a free initial consultation.
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