What are the potential penalties for embezzlement?

| Jun 25, 2021 | Criminal Defense |

People in Ohio work for many different companies. Within these companies people have many different types of positions with many different responsibilities. Some people work in the manufacturing of products, selling products or services or other aspects of the business that do not involve handling of money. Others may work in the financial side of the business and be responsible for receiving money or the accounting of the company.

People in the financial positions may work with little oversight over them as well. They are trusted to properly account for the finances for the company and keep all of the company’s money with the company. There may be instances when people need extra money or figure out a way to take some for themselves in a way where others may not find out right away. When people do this it is called embezzlement and if people are convicted they face potentially serious consequences.

Penalties for embezzlement

Embezzlement is a form of theft and the charges are based on theft laws. The potential consequences depend mainly on the amount taken from the company. If the amount is under $1,000, it is a misdemeanor and people could be sentenced to maximum of 180 days in jail and a fine of up to $1,000. If the amount is between $1,000 and $7,500 the jail time could be between six months to one year and the fine could be $2,000. Between $7,500 and $150,000 could result in jail time between six and 18 months and a fine up to $5,000. Above $150,000 could result in a minimum of nine months in jail and up to 36 months in jail as well as a fine up to $10,000.

Embezzlement in Ohio is a serious crime and people can receive jail time if they are convicted. The conviction is what will result in these potential penalties, but people are not automatically convicted simply because they charged with a crime. There may be defenses available for people and if successful people could avoid a conviction. Experienced attorneys understand the potential defenses and may be a useful resource.