Embezzlement Can Happen In Many Different Ways
Embezzlement is a type of theft crime and occurs when an individual wrongfully takes property entrusted to him or her by its owner. The key element of embezzlement is that the embezzler has permission to access the property but does not own it. Some examples of embezzlement include the following:
- A bank teller who has permission to handle the money of clients and takes some for himself.
- An investor entrusts money to a broker who claims to have invested the funds, but uses them for personal gain or to pay returns to other clients (known as a Ponzi scheme).
- Company executives or officers falsify records or books in order to keep some profit for themselves.
- An individual with permission to handle a relative’s finances makes secret personal withdrawals from the accounts.
These are but a few examples of the many ways that embezzlement schemes occur and criminal accusations arise.
Helping Clients Limit the Consequences of Embezzlement Conviction
Under Maryland law, individuals convicted of embezzlement offenses may face the following penalties and more:
A conviction may have a substantial effect on many embezzlement offenders. For example, if an individual previously worked in any type of financial industry, they will likely no longer be able to find employment in their field due to their past allegations. At times, just the allegation of embezzlement is enough to destroy a professional reputation. For these reasons, it is crucial to involve a qualified embezzlement defense attorney in your case as soon as you believe you are under investigation to limit the penalties you face.
Let The Casper Firm Help You
Embezzlement cases can be complex and can involve a large amount of evidence presented by authorities, particularly when there has been a lengthy investigation. However, there are several ways to defend against embezzlement charges and you need an attorney who understands how to handle such complicated criminal matters. Baltimore defense lawyers at The Casper Firm understand Maryland embezzlement laws and related defenses, so please call The Casper Firm today at 410-989-5097 for help.