Under the VA Code § 18.2-111, “If any person wrongfully and fraudulently use, dispose of, conceal or embezzle any money, bill, note, check, order, draft, bond, receipt, bill of lading or any other personal property, tangible or intangible, which he shall have received for another or for his employer, principal or bailor, or by virtue of his office, trust, or employment, or which shall have been entrusted or delivered to him by another or by any court, corporation or company, he shall be guilty of embezzlement”
Penalties for Embezzlement in Alexandria, Virginia:
The white collar crime, embezzlement is kind of a financial fraud and is similar to theft, however, the crime is nonviolent. It involves taking someone’s rightful property of money without their consent by defrauding them and usually involves a scheme. The consequences of this felony depends on the value of the money or property that was embezzled and differ according to the particulars of every case.
Under the Virginia law, getting convicted for embezzlement may result in diverse consequences, depending on the worth of the theft. The Va. Code § 18.2-95 states that embezzlement is, “punishable by imprisonment in a state correctional facility for not less than one nor more than twenty years or, in the discretion of the jury or court trying the case without a jury, be confined in jail for a period not exceeding twelve months or fined not more than $ 2,500, either or both.”
In some cases, embezzlement may get considered a federal crime and would be dealt in a federal court. This is for cases where the victim of the embezzlement scheme is the federal government. This type of crime results in a completely different set of consequences.
For embezzling below $200, the offender will have to face up to a year of prison time, restitution, probation and a fine of $2500. If the embezzler committed a theft of more than $200, then he may face up to 20 years in prison with a minimum of one-year probation, restitution and up to $2500 in fines. A federal embezzlement charge can lead to up to 30 years of jail time in federal prison and high fines of up to $250,000
The consequences for embezzlement in Alexandria, Virginia, can be extremely severe and it is, therefore, important that you strategize strong defense to reduce the penalties or even completely avoid them. If the value of the embezzled amount is small, a Virginia criminal defense lawyer may be able to make negotiations with the prosecutor and help you avoid imprisonment. For this reason, it is necessary that you refer to an experienced Virginia embezzlement attorney if you are facing charges for this white collar crime. An experienced lawyer will evaluate your case, make sure you are aware of the legal scenario surrounding it and then help you put up a strong defense so you can protect your freedom and finances.