14th September 2018

legalmatch
10

Is embezzlement illegal?

Felony embezzlement is a type of white collar crime involving the unlawful conversion of ownership rights of property or assets. Embezzlement is usually a misdemeanor charge; however, it can result in felony charges depending on the value of the goods that were converted.

Considering this, how much money is considered embezzlement?

The value of the property is $25,000 or more. Penalties include a fine of up to $15,000, between five and 20 years in prison, or both. Embezzlement of property worth less than $950 is a misdemeanor, subjecting a defendant to a possible jail sentence of six months or less, and a fine of up to $1,000.

What is embezzling money?

Definition. Fraudulent taking of personal property by someone to whom it was entrusted. Most often associated with the misappropriation of money. Embezzlement can occur regardless of whether the defendant keeps the personal property or transfers it to a third party.
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