Punishment for Embezzlement
For embezzling, a person may face both civil and criminal penalties. Penalties might include jail time, monetary penalties, and reparations.
Federal Embezzlement
- Covers misappropriation of money or assets that a financial institution or organization with federal insurance has entrusted to you.
- Penalties of ten years in jail and penalties equal to the amount of embezzled property are possible outcomes.
- The maximum jail term is reduced to one year if the amount embezzled is less than $1,000.
State Embezzlement
- Every state has laws that specify embezzlement and outline the associated punishments.
- Penalties often rise in proportion to the value of the stolen object.
- Certain governments could additionally take into account elements like the kind of property or if the offense had aggravating circumstances.