Embezzlement is a form of larceny. A person commits this crime when he wrongfully appropriates to himself the property of another in his care or custody. Embezzling can also occur if a person appropriates property that is not his to another person.
Some common examples of this crime include falsification of overtime records, kickbacks, and using your company’s payroll to illegally take money.
This crime can be classified in 6 different ways.
1st Degree Embezzlement (Class B Felony)
If you embezzle property valued at more than $20,000, you can be charged with 1st degree embezzling. If convicted, you face:
- A fine of as much as $15,000 and/or
- 1-20 years in prison
2nd Degree Embezzlement (Class C Felony)
If you embezzle property worth between $10,000-20,000, you can be charged with embezzling in the second degree. Punishments for this crime include:
- A $10,000 fine and/or
- A prison sentence of 1-10 year.
3rd Degree Embezzlement (Class D Felony)
3rd degree embezzling deals with stolen property worth $2,000-10,000. You could face:
- A fine worth $5,000 and/or
- A 1-5 year prison sentence.
4th Degree Embezzlement (Class A Misdemeanor)
If you embezzle property worth $1,000-2,000, the penalties include:
- A fine of as much as $2,000 and/or
- A jail sentence of up to one year.
5th Degree Embezzlement (Class B Misdemeanor)
5th degree embezzling occurs when property worth $500-1,000 is embezzled. Penalties include:
- A $1,000 fine.
- A jail sentence of 6 months.
6th Degree Embezzlement (Class D Misdemeanor)
If you embezzle property worth $500 or less, you face a 6th degree embezzling charge. Penalties are:
- A $500 fine.
- A 3 month jail sentence.