Aggressively Protecting Your Rights

What do you need to know about embezzlement?

| Nov 5, 2020 | White Collar Crime

Certain executives and other employees have specific fiduciary duties to a company. They must ensure that they comply with those duties. When they don’t, there’s a chance they’ll be accused of embezzlement. This occurs when anyone placed in a position of trust with the company uses the company’s assets, which includes cash and other items, for their own good instead of the good of the company.

Embezzlement is a white collar crime that must be taken seriously. In order to commit embezzlement, you must have intent. It isn’t possible for anyone to accidentally embezzle from a company.

While some individuals think of this crime as one that will involve large sums of money or very valuable assets, this isn’t always the case. In some instances, it’s smaller amounts that are taken. It’s also possible that tiny amounts taken over time will add up to the large sums that most people are accustomed to hearing about.

One key point to remember if you’re facing embezzlement charges is that you have to be prepared to handle the paper trail that comes with these cases. Oftentimes, the charges are levied after a lengthy investigation, which means that it might take considerable time to develop a defense strategy.

You and your attorney should start working together quickly after you realize that you’re going to face charges for this crime. This gives you time to weigh your options for your strategy. You need to consider the immediate impacts of each option, but you also need to think about the long-term effects that it might have, so you can make the decision you feel is in your best interests.