If you work for a bank, or public institution, and you wrongfully use money or other assets entrusted to you, you can get arrested and face charges under Title 18, Chapter 31 of the US Code.
The definition of this crime of embezzlement — which is essentially the intentional misuse of funds, assets, or other property put under an employee’s trust — can be quite broad. According to Section 656 of the US Code, different kinds of embezzlement carry different penalties. Federal, state, and local authorities can all pursue action against you and your associates.
Most embezzlement cases (approximately 4 out of 5, according to some surveys) involve the misuse of money, supplies, or inventory. But you can get charged for embezzlement for doing other things. For instance, if you steal letters or packages entrusted to your care by the bank or public agency or institution, that can be classified as embezzlement.
Embezzlement almost always charged as a felony , and punishment can be severe. Depending on what you did and how you misappropriated funds, you could face fines in the million of dollars and many months in prison, followed by a period of supervised release and mandatory restitution to the victim banks or institutions.
If convicted, the Court will look at (among other factors):
* criminal history
* the amount embezzled * role in the offense, whether a leader or organizer * whether you have a criminal record
If you’ve been accused of embezzlement or appropriating funds from a business, public institution, private charity, or other organization, whose funds are insured by the Federal Government, you may need a Texas Federal Criminal Attorney who is familiar with White Collar crime defense. Given the potential consequences for your freedom, bank account, and professional reputation, you want the highest quality defense possible.