New York City Embezzlement Lawyer
Embezzlement is a serious financial crime under New York state law. Prosecutors aggressively go after those accused of such white collar crimes, seeking stiff punishments in court.
If you have been charged with embezzlement (legally known as grand larceny) or related financial crimes, call a New York City embezzlement lawyer today. Those convicted of embezzlement face years in prison. Moreover, a conviction would result in a felony criminal record, hindering future employment opportunities.
To learn more about the potential penalties you face, read the information below. Call a qualified New York City embezzlement defense attorney today.
Embezzlement v. Simple Theft
Defined under New York law as grand larceny, embezzlement is a type of theft where the accused exploited a relationship to take another’s money illegally. Grand larceny differs in many significant ways from simple theft and other New York theft crimes.
Simple theft occurs when someone intentionally takes another’s money or property without the owner’s permission. For example, if someone snatched another’s wallet out of their bag, that could qualify as simple theft.
To qualify as embezzlement, the accused must have had permission to access to the money or property, and then took it for themselves using that access.
For example, if a company’s financial officer uses their official access to company assets to steal that money or property, they have likely committed embezzlement. To prove this kind of grand larceny occurred, prosecutors must show the accused leveraged their legal access to steal for personal gain.
A New York embezzlement lawyer can defend those accused of this crime, and help them avoid penalties when possible.
Penalties for Embezzlement in New York
Embezzlement, or grand larceny, is considered a white collar crime since it is generally non-violent crime involving money. As with other white collar crimes, grand larceny is punishable based on the amount of money allegedly involved.
There are four degrees of grand larceny under New York law, and each degree has a separate applicable penalty, as detailed below.
- 4th Degree Grand Larceny – Applies when the property involved is valued between $1,000 and $3,000. This is a Class E felony punishable by up to four years in prison
- 3rd Degree Grand Larceny – Applies when the property involved is valued between $3,000 and $50,000. This is a Class D felony punishable by up to seven years in prison
- 2nd Degree Grand Larceny – Applies when the property involved is valued at over $50,000 but less than $1,000,000. This is a Class C felony punishable by up to 15 years in prison
- 1st Degree Grand Larceny – Applies when the property involved is valued at over $1,000,000. This is a Class B felony punishable by up to 25 years in prison
Related Crimes in New York City
Grand larceny is often charged along with related financial offenses, such as:
- Credit card fraud
- Identity theft
- Money laundering
- Wire fraud
Prosecutors often accuse those already charged with grand larceny of conducting other financial schemes. Some charged with these state crimes may also face related federal crimes.
A New York City embezzlement lawyer can help those facing white collar criminal charges, such as those listed above.
Contact a New York City Embezzlement Attorney Today
If you are facing grand larceny charges, or any related state or federal charge, call a New York embezzlement lawyer. Your attorney will fight to defend you and your reputation against these charges.