Embezzlement

Embezzlement in Texas

Need a lawyer for a theft crime case in Georgetown?

Embezzlement is a type of theft crime in Texas that poses the risk of serious penalties. This type of theft offense is often taken more seriously than other offenses due to the element of trust involved. Embezzlement involves taking or stealing property that was entrusted to the defendant to manage. If this property is taken for personal gain, the entrusted person has violated a position of trust while committing theft. An example of this offense would be someone who works for a bank and manages bank accounts taking money from an account for their own gain. Bank tellers have a position of trust when it comes to managing money for consumers, so taking it would constitute an embezzlement offense.

Consequences of Embezzlement

Texas Stat. & Code Ann. § 31.03 provides the law for embezzlement in the state of Texas. The penalties on the line will vary depending on the value of the property involves. The greater the value, the more severe the penalties can be. The most minor version of embezzlement would be taking property valued under $50, this could result in a fine of up to $500. The potential penalties for greater values will follow these guidelines:

Property valued between $50 and $500:

  • A fine of up to $2,000
  • Jail sentence of up to 180 days

Property valued between $500 and $1,500:

  • A fine of up to $4,000
  • Jail sentence of up to one year

Property valued between $1,500 and $20,000:

  • A fine of up to $10,000
  • Jail sentence of at least 180 days

Property valued between $20,000 and $100,000:

  • A fine of up to $10,000
  • Prison sentence between one and 10 years

The penalties continue to increase in severity as the value gets higher. If you are facing embezzlement charges, you need to aggressively defend against them. There are serious consequences on the line, but The Law Office of Clovis Martin can help. I can help you build a defense and fight to avoid an embezzlement conviction, contact my firm today!