Examples of Embezzlement
For instance, if you work at a bank, you work with money each day. However, the bank doesn’t permit you to take some for your own use. If anyone in the company takes money from the bank, it’s considered embezzlement. One of the most common scenarios we find is an officer or someone high up in the company takes funds that belong to the business.
We also see folks handling money for their disabled relatives and taking some for themselves. You can be charged with embezzlement if you are in a position of trust over money or property that belongs to someone else. It’s imperative to keep meticulous records when handling any money or other property.
When a person is convicted of embezzlement, they can face a large fine, substantial time in jail, or both. New York has specific rules for this crime, and it depends on the value of the stolen property. Here are the sentencing and fine guidelines for this state:
•Less Than $1,000
Fines up to $1,000 and up to a year in jail
•$1,000 – $3,000
Fines up to $5,000, and up to four years in prison
•$3001 – $50,000
Fines up to $5,000 and up to seven years in prison
•$50,001 – $100,000
Fines up to $15,000 and up to 15 years in prison
•$100,001 and up
Fines up to $30,000 and up to 25 years in prison
Keep in mind that the judge or jury can choose to give both a fine and prison sentence, or they can issue just one form of punishment. The verdict will be determined on the value of the crime and the circumstances. If there are any aggravating factors, then the court will be harsher in their sentencing.
New York will impose stricter penalties in some situations. For instance, if a person embezzles from the elderly or disabled adults, officials use harsher sentencing guidelines. If the accused worked as a public servant or in a bank, then they also will receive harsher sentencing.
When caring for a vulnerable adult, the state will seek to protect that individual more so than they would in dealing with a situation where there is a non-vulnerable adult involved. The prosecutor has no difficulty putting together a case for someone who is indigent and needed help. It’s usually an open and shut ordeal.
The court also takes the job of a public servant seriously. New York can rule to make this person pay a fine, spend time in jail, and they can also make them unable to hold any public office in the future. Since a position of trust was violated, the court sees fit to issue a heightened punishment.
New York allows the judge to sum the total value of the money or property stolen. If there was a plan or scheme involved, then the judge can aggregate the value. The most common period is one year, though some states don’t impose any such period. A defendant can be charged based on the value alone. Rather than indicting them on several embezzlement claims, they can roll them all together within a specific period.
An example of this would be that a person worked at a grocery store in Manhattan. They took $20 a day from their register for over a year. The total amount stolen was over $7,000. The court wouldn’t waste their time or resources to try each individual claim of embezzlement as it happened daily. However, they would roll them into one case and add up the value overall.
New York requires that restitution be paid to the victim. A monetary dollar amount will be issued from the court, and that amount is to be reimbursed. Keep in mind; restitution is in addition to any jail or prison time that was handed down. It’s imperative to have legal counsel when facing any embezzlement charges.
If you or a loved one has been accused of embezzlement, then you need to contact the Spodek Law Group as soon as possible. We have more than 50 years of helping clients with cases like this get a favorable outcome. We offer a free consolation, so we can evaluate your situation and form a plan of defense. You could spend a great deal of prison time plus have extensive fines when you get out. Not just any lawyer will do. You want someone who is well versed in this area of law to ensure you get a fair deal.