Embezzlement White Collar Crime Embezzlement and Penalties White collar embezzlement and penalties that punish a convicted individual fall under the larger umbrella of white collar crimes. White collar crimes are defined as criminal acts taking place in a business or other professional setting that are committed to achieve personal financial gain at the expense of another. Embezzlement is the misappropriation of items or monies that a person has been trusted to protect and manage.
A large drop in profits A jump in business with one particular customer Customers complaining about double billing Repeated duplicate payments Numerous outstanding checks or bills Disparity between accounts payable and receivable Disappearance of petty cash Goes out of the way to work overtime Spending more lavishly than salary might indicate Has the same address as a vendor Investigation of Embezzlement Cases Since embezzlement is usually discovered by way of circumstantial evidence, an active approach by the employer is required to uncover the perpetrators of the crime.
An investigation should be conducted quickly but subtly. Company officials should compile a list of employees who may have had the opportunity to commit the suspected embezzlement.
These employees should be interviewed, more than once if necessary. The employer should try to recover as many records as possible to find accounting discrepancies or other evidence. If the crime appears to exist on a large scale, the employer may need to contact outside advisors — including attorneys, insurance agents, and investigative specialists — to assist with the inquiry.
If guilt can be assigned to one or more individuals, the employer will have to determine what action to take against them within the company. Termination is not out of the question if there is strong evidence indicating guilt.
Then, the employer must decide whether or not a civil suit will be filed and whether or not to turn the evidence over to public authorities for criminal booking and trial.
Punishments for Embezzlers The penalty for an embezzlement violation typically depends on the value of the property that is misappropriated.
A perpetrator is usually fined an amount on the same order of the value of the property, and may receive a prison sentence as well. Please contact Impact Law to learn more.White Collar Crime White collar crime is prevalent and brought to our attention more and more by the media since the mid to late s.
With the downfall of companies such as Enron, Tyco Toys and WorldCom MCI white collar criminals are . Blog Home White Collar Crime What’s The Motivation – Los Angeles Embezzlement & Workplace Theft What’s The Motivation – Los Angeles Embezzlement & Workplace Theft.
By Chad Lewin on March 3, We’ve all been there – arriving home from a long day at work, you realize that you’ve pocketed a piece of office stationary or equipment. Embezzlement charges in Michigan can arise from accusations of computer fraud, employee theft, credit card fraud, transferring of money or account conversion, faulty checks, forgery, money laundering, tax evasion, tax fraud, bank fraud, counterfeiting crimes, extortion and blackmail, insider trading, and 5/5.
Embezzlement is a theft crime usually perpetrated by people in high standing or positions of trust. Get legal assistance from our white-collar crimes attorneys.
"White collar crime" can describe a wide variety of crimes, but they all typically involve crime committed through deceit and motivated by financial gain. The most common white collar crimes are various types of fraud, embezzlement, tax evasion and money laundering.
The most common white collar crimes are various types of fraud, embezzlement, tax evasion and money laundering. Many types of scams and frauds fall into the bucket of white collar crime, including Ponzi schemes and securities fraud such as insider trading.