If you’re facing embezzlement charges in Texas, you probably have a lot of questions about what to expect from your case.
- Is embezzlement a felony?
- How many years do you get for embezzlement?
Considering that embezzlement charges are quite serious, it’s a good idea to get legal representation before trying to familiarize yourself with embezzlement laws in Texas.
Embezzlement Charges and Laws in Texas
According to Texas law, embezzling is when you commit theft for your own financial gain. For example, an employee who steals money from a cash register is embezzling, as is an employee who alters a company’s financial records to conceal his or her theft from the business.
Other forms of embezzlement include tax fraud, Medicare fraud, mortgage fraud, and elder abuse – in which an elderly person’s caretaker or relative steals money from him or her.
Regardless of whether you’re accused of a breach of fiduciary duty in Texas, or you might be in need of a Houston Medicare fraud defense lawyer, the embezzlement penalties you face are serious. You need to talk to a lawyer as soon as possible.
Is Embezzlement a Felony or Misdemeanor?
Is embezzlement a felony? It depends on the amount to which you are accused.
Typically, misdemeanor embezzlement addresses theft of $1,500 or less. If you embezzled more than that, you might be facing a felony embezzlement charge in Texas. You may need the services of Houston federal criminal defense lawyer Seth Kretzer for your case.
In Texas, you can expect a third-degree felony embezzlement charge if you’re accused of embezzling $20,000 to $100,000. You’ll likely get a second-degree felony embezzlement charge if you’re accused of embezzlement between $100,000 and $200,000, while the accusation of theft of over $200,000 can warrant a first-degree felony embezzlement charge.
As you can see, the more money you’re accused of stealing in Texas, the more likely you’ll get a felony embezzlement sentence.
If you’re accused of embezzling $1,500 or less in Texas, you’ll still have embezzlement charges against you. It will be a misdemeanor on your record.
If you steal between $1,500 and $20,000, you could end up with jail time for embezzlement.
The embezzlement punishment you can expect depends on the amount of money you’re accused of embezzling. Working on your case with a lawyer can help, since they may be able to help you negotiate on your embezzlement charges and penalties.
Contact Houston white-collar crimes lawyer, Seth Kretzer, for help with your case if you want a chance to fight the charges.
How Many Years Do You Get for Embezzlement?
Embezzlement penalties usually include jail, depending on the exact charge you’re facing. The average jail time for embezzlement is dependent upon how much money was involved in the theft.
If you’re charged with misdemeanor embezzlement, you could spend up to a year in jail. For third-degree embezzlement, jail time might range from two to ten years in prison. Second-degree embezzlement penalties might include two to 20 years in prison, while first degree charges could result in five to 99 years in prison.
Do Embezzlement Penalties Include Fines?
In addition to jail time, your embezzlement punishment might involve fines. They vary depending on the severity of your charges, but they can reach up to $10,000.
If embezzlement charges have been brought against you, please contact The Law Offices of Seth Kretzer today to start working on your case. Our experienced legal team is prepared to fight for you.