Companies often entrust considerable amounts of money and assets to employees. When this happens, the company hopes that the people will act in an honorable and ethical manner. Unfortunately, not all employees can resist the temptations that come with handling these types of assets.
Embezzlement is a crime that occurs when a worker takes steps to redirect company assets to benefit themselves. There are many ways that the misappropriation of funds can occur.
Sometimes, an employee, usually an executive or manager, can create fraudulent employee accounts. This would enable them to be able to collect a paycheck for the fraudulent person. The paycheck would then go into an account that the actual employee has created.
Another way that a misappropriation can occur is false billing practices. Instead of sending money to vendors who provided goods or services, an employee might create a fraudulent bill for services or goods that haven’t ever been delivered.
Embezzlement can occur in a lump sum or in smaller amounts over time. As long as the employee is willfully redirecting money or assets away from the employer’s accounts and into their own or those of someone else with an agreement, it will likely fall under the embezzlement classification.
When you are facing embezzlement charges, there is likely a long paper trail that is included in the case. This can make it hard to find points that you can use in your defense. While your defense must be factual, how you present those facts might have a part in what you are able to accomplish. Be sure that you learn about the options you have for this situation.
Source: FindLaw, “Embezzlement,” accessed May 04, 2018