Explaining Embezzlement Charges
As a form of financial fraud, embezzlement is categorized as a white collar crime. Embezzlement is the common term used to describe fraudulent behaviors that involve taking possession of the assets given to another. This act is usually done in secrecy and can be accomplished by one person alone or by a group of persons who dishonestly appropriate someone else’s belongings. Due to the fact that embezzlement is a type of financial fraud, it is easily committed and it can happen in several different arenas. For example, a spouse who has access to their partner’s financial funds can quickly transfer money from one account to another without their partner knowing; a financial advisor could embezzle funds from their investors; an attorney could even access a client’s trust account and move funds around.
There are many ways in which embezzlement can be committed, and some people may not even realize that they have successfully accomplished a criminal act by moving finances around or appropriating money. Therefore, it is vital for anyone who has been accused or arrested of embezzlement to immediately seek legal counsel from a Chicago criminal defense attorney
Embezzlement Attorney in Chicago, Evanston, Cicero and Surrounding Areas
Even the smallest amount of funds received and embezzled will make you eligible for conviction if you are not aggressively defended by an expert defense lawyer in the field. You don’t want to face up to ten years in jail or have to serve probation after you are released from jail; nor do you want to pay the hefty fines or put in community service hours that could drain you of your financial standing. However, these are the common penalties for a criminal conviction, and these punishments are a very real threat if you have been accused of embezzlement.
The same punishments – and worse – can accompany other white collar criminal acts such as bank and loan fraud and money laundering. Whether you are facing forgery charges or embezzlement, there is truly no time to be wasted in securing firm legal representation upon which you can rely. By contacting an associate from the Law Offices of Michael P. Schmiege, you will be doing just that.
Contact a Chicago embezzlement lawyer for the aggressive defense you need when accused of a white collar crime.