Punishments related to a federal embezzlement conviction could involve many years in prison. In fact, some defendants accused of this crime are surprised at just how lengthy jail sentences can get. The fines associated with the offense can also be extremely high.
Here are the federal punishments associated with different versions of this crime:
— Embezzlement related to public records, property or funds in excess of $1,000 could result in a 10-year prison sentence and/or a $250,000 fine.
— Embezzlement related to counterfeiting materials and tools could result in 10 years in prison and/or a $250,000 fine.
— Embezzlement related to health care in excess of $100 could result in up to 10 years in prison and/or a $250,000 fine.
— Embezzlement by bank, credit, lending or insurance companies in excess of $1,000 could result in 37 years in prison and up to $1 million in fines. Less than $1,000 in embezzlement in these cases could result in up to a year in jail and/or up to $100,000 in fines.
— Embezzlement related to organizations could result in a variety to fine amounts depending on whether it’s a felony or misdemeanor level offense.
Sometimes, an embezzlement charge is born out of being in the wrong place at the wrong time. Maybe the embezzlement related to someone higher up in your organization. Maybe it wasn’t embezzlement; it just looks like it. Or maybe you’re not the person who committed the act and you’re being wrongly accused. Whatever is going on in your embezzlement allegations, learn about your legal rights and options as soon as you can.