Consequences of an Embezzlement Conviction
Embezzlement charges can ruin reputations, cost jobs, and destroy families even if the accused party is eventually found not guilty of the crime. If an individual is convicted of embezzlement, he/she could face severe penalties including:
Forced payment of compensation to alleged victim
Loss of legal rights
Embezzlement is a white-collar crimethat most commonly occurs in corporate settings.
More specifically, embezzlement refers to the theft of money or property by an individual who was entrusted to handle assets owned by another party.
Because those who are charged with embezzlement had access, or in many cases, are expected to handle the assets they are accused of embezzling, the crime is rarely clear-cut.
Simple bookkeeping errors or oversights have the potential to lead to wrongful embezzlement charges.