Embezzlement occurs when a person is given control or over assets or property and steals what they are responsible for overseeing. Embezzlement crimes tend to take place in various job settings. For example, accounting embezzlement involves manipulating financial records to conceal stolen funds.
People who commit embezzlement are often given lawful possession over the assets they end up stealing. There are numerous reasons a person will allow access to their property or money, but the most common reason is to have someone look out for their best interest. Unfortunately, some people misappropriate the assets they are responsible for and use them for their own personal gain.
Common examples of embezzlement involve employees like store clerks or bank tellers misusing money that belongs to their employers. The embezzler can take a large amount of money at once, or slowly gather the funds over a long period of time. Misusing an employer’s property can also qualify as embezzlement in certain situations.
There many creative ways that people can embezzle money from their employer, including:
- Fraudulent billing
- Fabricated payroll checks
- Falsifying records
- “Ponzi” financial schemes
To be charged with embezzlement, the following four elements must be present:
- The parties involved in the case must have a fiduciary relationship. This means that one party is reliant on the services of the other.
- The accused must have obtained the property or money through the established relationship.
- The accused must have claimed ownership of the stolen property or transferred the property to another person.
- The accused acted intentionally when stealing or misusing the property or money.
Talk to a Criminal Defense Lawyer Today
If you have been accused of embezzlement, you should consult with our criminal defense lawyers in Denver to discuss how to protect your rights and freedom. Our skilled lawyers take on all theft crimes cases, and we know which legal strategies produce the best results. Let us get to work for you.