Embezzlement Lawyers in Grand Rapids
Embezzlement is the act of theft by misusing funds one has been entrusted to handle. That is the difference between embezzlement and other types of theft: when the thief has legal access, but not legal ownership, of the stolen property, embezzlement has occurred. Because individuals in this position are generally well educated and entrusted with this money because of their professions, embezzlement is considered to be a white collar crime. White collar crimes are differentiated from other types of criminal offense by the level of privilege required to complete them.
Being charged with embezzlement will not only put you at risk of facing criminal penalties, it can destroy your career. Work with an experienced criminal defense lawyer to fight the charge and stigma that come with an embezzlement accusation.
Embezzlement is a White Collar Crime
The primary difference between white collar crimes and other types of offense is the niche population that has the tools and privilege to commit a white collar crime. In nearly all instances, white collar crimes involve the theft of funds or identifying information that can be used to access funds or turn a profit for the offender.
White collar crimes can take years and sometimes, decades to uncover due to their use of confidential information. Individuals who work with professionals like financial advisors, investment managers, lawyers, accountants, insurance brokers, and business consultants trust these parties to work in their best interest and often take a hands-off approach after exchanging money with the professionals.
Penalties for Embezzlement in Michigan
In Michigan, how an incidence of alleged embezzlement is charged depends on multiple factors. These include the value of the money or items taken and the alleged offender’s professional position as well as his or her previous criminal record.
- For the embezzlement of money or valuables worth less than $200, a first time offender faces up to 93 days in jail and a fine of up to $500 or up to three times the value of the money stolen, whichever is greater;
- If the money or valuables were worth between $200 and $1,000, the defendant faces up to one year in jail and a fine of up to $2,000 or three times the value of the property or money stolen;
- Defendants found guilty of embezzling $1,000 to $20,000 face up to five years in prison and fines of up to $10,000 or three times the value of the property stolen; and
- If the value of the assets embezzled was $20,000 or greater, a convicted defendant may face up to 10 years in prison and a fine of up to $15,000 or three times the value of the assets.
Work with an Experienced Grand Rapids Criminal Defense Lawyer
Embezzlement is a serious criminal offense. If you have been charged with it or any other theft offense, working with an experienced criminal defense lawyer can make a significant difference to your future by potentially helping you avoid jail time, fines, and other criminal penalties. Contact our team of criminal defense lawyers at Van Den Heuvel Law Office today to schedule your initial consultation with a member of our team.