24/7 call for a free consultation 212-300-5196

AS SEEN ON

EXPERIENCEDTop Rated

YOU MAY HAVE SEEN TODD SPODEK ON THE NETFLIX SHOW
INVENTING ANNA

When you’re facing a federal issue, you need an attorney whose going to be available 24/7 to help you get the results and outcome you need. The value of working with the Spodek Law Group is that we treat each and every client like a member of our family.

Is Embezzlement a Felony or Federal Crime?

The question of embezzlement is a tough one because there are different types of crimes that can have different options for being prosecuted. The majority of embezzlement takes place in small to medium-sized businesses with these usually being subject to state laws and the sentencing rules of that region. In contrast, any form of embezzlement where money intended for the federal government or provided to another party by the government is intercepted by an individual for their ends. An interesting fact about embezzlement is the most likely person to take part in this crime is a single woman in her 40s with no prior criminal record who works in an accounts department.

What is Embezzlement?

Embezzlement is a crime where an individual diverts some form of money or property they do not own to their funds. Often referred to as a kind of fraud, the money or property that is stolen cannot be owned by the individual taking it in any way. However, the person who is charged with the crime of embezzlement can have transferred the property on to another person in an action known as conveyance. A good example of embezzlement seen in everyday life is the removal of cash from a bar or products from a retail store by a member of staff. One of the most difficult aspects of embezzlement to prove is that of the person intending to steal from their employer.

What is Federal Embezzlement?

There is a major difference between the different types of embezzlement, including the usual state-level felony or misdemeanor that takes place and a federal form of embezzlement. For a federal court to become involved in the case, there must be some form of loss relating to the funds provided by the U.S. Federal Government to its employees or through a contract with an outside agency. If a federal embezzlement case is brought because of missing funds from the U.S. Government the case will be passed to one of the 94 federal courts across the nation.

Embezzlement from a Financial Institution

A federal crime has been committed when any bank employee or member of the Federal Reserve steals money that is being used by a bank, credit union, or lending body under the Federal Reserve Act. The Minimum Sentencing Guidelines produced by the Federal Court System explains a person found guilty of embezzling more than $1,000 from a bank operating under the Federal Reserve Act is up to 30 years in jail and a fine of up to $1 million.

Court Officers

Christine Twomey
Christine Twomey
2024-03-21
Just had my Divorce case settled 2 months ago after having a horrible experience with another firm. I couldn’t be happier with Claire Banks and Elizabeth Garvey with their outstanding professionalism in doing so with Spodek Law Group. Any time I needed questions answered they were always prompt in doing so with all my uncertainties after 30 yrs of marriage.I feel from the bottom of my heart you will NOT be disappointed with either one. Thanks a million.
Brendan huisman
Brendan huisman
2024-03-18
Alex Zhik contacted me almost immediately when I reached out to Spodek for a consultation and was able to effectively communicate the path forward/consequences of my legal issue. I immediately agreed to hire Alex for his services and did not regret my choice. He was able to cover my case in court (with 1 day notice) and not only was he able to push my case down, he carefully negotiated a dismissal of the charge altogether. I highly recommend Spodek, and more specifically, Alex Zhik for all of your legal issues. Thanks guys!
Guerline Menard
Guerline Menard
2024-03-18
Thanks again Spodek law firm, particularly Esq Claire Banks who stood right there with us up to the finish line. Attached photos taken right outside of the court building and the smile on our faces represented victory, a breath of fresh air and satisfaction. We are very happy that this is over and we can move on with our lives. Thanks Spodek law 🙏🏼🙏🏼🙏🏼🙏🏼🙌🏼❤️
Keisha Parris
Keisha Parris
2024-03-15
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
Taïko Beauty
Taïko Beauty
2024-03-15
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence. Thank you team!
Anthony Williams
Anthony Williams
2024-03-12
Hey, how you guys doing? Good afternoon my name is Anthony Williams I just want to give a great shout out to the team of. Spodek law group. It is such a honor to use them and to use their assistance through this whole case from start to finish. They did everything that they said they was gonna do and if it ever comes down to it, if I ever have to use them again, hands-down they will be the first law office at the top of my list, thank you guys so much. It was a pleasure having you guys by my side so if you guys ever need them, do not hesitate to pick up the phone and give them a call.
Loveth Okpedo
Loveth Okpedo
2024-03-12
Very professional, very transparent, over all a great experience
Bee L
Bee L
2024-02-28
Amazing experience with Spodek! Very professional lawyers who take your case seriously. They treated me with respect, were always available, and answered any and all questions. They were able to help me very successfully and removed a huge stress. Highly recommend.
divesh patel
divesh patel
2024-02-24
I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way. Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me. I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence. Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.

Another aspect of federal crimes that will result in the individual being tried in a Federal Court is the theft of funds by a court officer. Any court officer who is suspected of embezzling more than $1,000 is liable to be tried in a Federal Court with a fine of at least $250,000 or double the amount embezzled being levied on them. The Court Officer will also be at risk of spending up to 10 years in Federal jail if found guilty.

Other Areas of Federal Embezzlement

There are many areas of embezzlement that can result in an individual being tried by a Federal Court in the U.S. One of the laws regarding federal embezzlement is the use of or resale of a property held by a farm credit agency or used as security against a loan for a farming professional. Any form of embezzlement in this area results in the individual being given a jail term of up to five years and a fine of up to $250,000 depending on the amount of money embezzled.

Among the property that is protected by federal law in the U.S. is the theft of livestock and the theft of major artworks. The protection of major artworks means that any person who is found guilty of obtaining a piece of art using fraudulent purposes will be given a jail term of up to ten years and a fine of up to $250,000 if the artwork is over 100 years old and reaches a certain value.

Schedule Your Consultation Now