This is a discussion on Embezzlement Law within the Law Wiki forum, part of the Create Wiki Article category; A type of financial fraud, Embezzlement consists of the misappropriation or secreting of financial assets. This offense is usually executed ...
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|Sep 14th, 2011, 04:20 PM||#2|
Join Date: Apr 2011
U.S. Embezzlement Law -- Punishment
Since the offense is defined differently in several jurisdictions, the punishment for embezzlement can vary. Generally, the penalty is a fine, imprisonment, or both.
Some states distinguish between grand embezzlement and petit embezzlement on the basis of the value of the property stolen. The former involves property of a greater value and is punishable as a felony, while the latter involves property of a lesser value and is punishable as a misdemeanor.
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