How New Jersey Criminal Defense Lawyers Can Help
Under the New Jersey Code of Criminal Justice, embezzlement is called theft by failure to make required disposition of property received. New Jersey law treats this crime as a type of theft offense. Embezzlement occurs when a person entrusted with property takes that property for personal use. While anyone entrusted with property can commit embezzlement, it is more common among white-collar employees because of the large amounts of property and greater discretion with which they are entrusted. Embezzlement carries the same penalties as other theft offenses, which usually depend on the value of the property involved:
- $75,000 or more: 5 to 10 years in prison
- $500 to $74,999: 3 to 5 years in prison
- $200 to $499: Up to 18 months in prison
- Less than $200: Disorderly persons offense
A person convicted of embezzlement may also face fines and may be required to make restitution for the property wrongfully obtained.
Any type of white-collar crime—including embezzlement—can involve highly technical areas of law. Handling such a case can require familiarity with accounting and corporate practices. Few white-collar crime lawyers in New Jersey have the expertise and legal acumen we offer. At Arseneault & Fassett, LLC, our New Jersey white-collar crime lawyers dedicate a large portion of their practice to defending clients in complex white-collar cases.
Each criminal defense lawyer at Arseneault & Fassett, LLC understands the special problems corporate officers and directors face when accused of embezzlement or other white-collar crime. The damage to reputation and career can be devastating, even if you are ultimately exonerated. While a typical white-collar criminal attorney in New Jersey may defend you in court, we recognize other issues are also at stake. Our lawyers take a proactive approach to preventing damage to the reputations of our clients in the court of public opinion.
In addition to state penalties, officers or employees of Federal Deposit Insurance Corporation (FDIC) insured banks who embezzle or steal funds from their employer face severe penalties under federal law. Embezzlement of more than $1,000 from a federally insured bank or financial institution carries a prison term of up to 30 years as well as fines as high as $1 million.
The lawyers of Arseneault & Fassett, LLC in Chatham, New Jersey have nearly 100 years of combined experience defending clients against state and federal criminal charges, including embezzlement and other white-collar crimes.
Call our office at 973-635-3366 or contact us online today for a consultation.
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