Over 65 Years Of Combined Trial Experience

What elements must exist for an embezzlement charge to hold?

On Behalf of | Feb 15, 2017 | Firm News, White Collar Crimes |

The thievery of “assets” by a person who has been granted access to said assets along with the capacity to operate or manage them is classed as embezzlement. It most commonly takes place in a corporate environment. Embezzlement is not in any way limited to the theft of physical assets; it can also come in the form of alteration of files and databases to cover up any theft of finances, this is classed as accounting embezzlement. If a person is given access and authority to operate the assets of a client or company strictly for the use of the former’s best interest but instead misuses said assets for personal gain and interest, then this shall also be classed as embezzlement.

Depending on the skill of the perpetrator, embezzlement can be extremely hard to track down or even notice, that is because skilled embezzlers cover up their tracks with frightening skill. They have a distinct advantage in that they often have access to documents, files, and databases along with the assets themselves; this puts all the pieces in their hands. In the case of the major multinational companies, catching the perpetrators can be even harder as the records and cash flows are so vast that if the embezzler makes use of the multiple avenues, he can become incredibly hard to catch. Even if patterns get noticed, suspicions alone cannot prove anything and actions cannot be taken without proof.

An embezzlement charge will only hold weight in court if the following elements are present:

  • The embezzler must have some level of access and control over the victim’s assets, and the victim must have a certain level of reliance on the perpetrator.
  • The accused must have gained finances, assets, etc. through his misuse of the assets for personal gain.
  • The accused must have stolen the assets of the plaintiff or transferred their ownership to others without the plaintiff’s consent.
  • The clear intent to perform embezzlement. The defendant’s actions must be premeditated and thus prevent his actions being a result of errors or ignorance.

Embezzlement cases are notoriously complex, and the crime is very hard to prove, thus giving defense quite a lot of room to maneuver. To ensure that you have the best chance to defend your rights and to achieve the best possible outcome, it is recommended that you contact an experienced attorney near you.