Imagine coming into work after a long weekend only to be confronted by your boss who claims that you have been embezzling money. Not only could these accusations ruin your professional reputation, but they could send you to jail.
Embezzlement charges can stem from many complex situations. If you have been accused of or charged with embezzlement or a similar white-collar crime, it is imperative that you take immediate action. Please contact the experienced Cherryville criminal defense attorney at Teddy, Meekins & Talbert today.
Embezzlement occurs when a person is put in charge of taking care of assets, but then misappropriates the property for their own personal use. This type of misconduct can occur in a wide variety of different forms, including in both personal and business relationships.
Under North Carolina law, a person convicted of an embezzlement charge could face very harsh penalties. Indeed, a North Carolina embezzlement conviction can result in jail time of up to 6 months for crimes involving less than $100,000, and 73 months for crimes involving more than $100,000.
In some cases, embezzlement charges come with larceny charges as well. Under North Carolina’s larceny statute, larceny can be charged as a felony.
If the value of the theft was in excess of $1,000 or if a weapon or the threat of physical force was used during the theft, the larceny may be charged as a felony. A felony conviction could result in a defendant being sentenced to more than one year in jail.
Smaller-dollar larceny offenses may be charged as misdemeanors. While non-felony larceny is a less severe charge, a misdemeanor larceny first offense could still potentially result in serious penalties. As with embezzlement charges, North Carolina prosecutors take larceny charges very seriously.
Embezzlement allegations are often confusing, as the charges often overlap with larceny. The most important difference to understand is that embezzlement is a crime of misappropriation. It involves taking or depriving a party of the assets that are rightfully theirs, but that were at some point put in your control. For example, if an employee at a Cherryville car dealership was given control of a company purchasing account, and then diverted some of the funds to their own bank account, they could be charged with embezzlement.
This is distinct from a larceny charge, as larceny occurs when a person takes money or property without ever being allowed access to it. The two similar crimes can become intertwined in cases involving allegations of a felony larceny by an employee, where the employee is alleged to have taken property that they were never given access to or authority to use.
At Teddy, Meekins & Talbert, our Cherryville criminal defense attorneys have extensive experience handling embezzlement and larceny charges. We have a deep understanding of the relevant criminal statutes and criminal law process. Our team has the skill and experience needed to craft the best available defense strategy on your behalf.
To set up your fully confidential legal consultation, please contact us today. From our office, we represent clients throughout the region, including in Cherryville and surrounding areas in North Carolina.