When you think of crime in general, you likely think of weapons, drugs, or violence. However, there are many other behaviors and actions that also constitute criminal activity. While-collar crime, for example, is not typically a violent or destructive type of crime, but it is still considered unlawful activity and encompasses behaviors such as fraud and embezzlement. In the state of Illinois, white-collar crimes such as embezzlement are taken rather seriously and can carry severe and unfavorable consequences if you are convicted. White-collar crimes can often get complicated, which is why it would be smart to hire a skilled Illinois criminal defense lawyer. 

Embezzlement Laws and Consequences

In the simplest terms, embezzlement occurs when a person misappropriates or fraudulently takes the personal property owned and entrusted to him or her by another person. The most common form of embezzlement is the misappropriation of money, but there are various types. This property can be either tangible or intangible property. Tangible property may include jewelry and vehicles, while intangible property could be money, stocks, and bonds.

In the state of Illinois, embezzlement is charged as a theft crime. This means the severity of the embezzlement charge depends on the value of the property that was embezzled. The charges for embezzlement in Illinois are as follows:

  • Under $500 not from a person: Class A misdemeanor

  • Between $500 and $10,000: Class 3 felony

  • Between $10,000 and $100,000: Class 2 felony

  • Between $100,000 and $500,000: Class 1 felony

  • Between $500,000 and $1 million: Non-probationable Class 1 felony

  • More than $1 million: Class X felony

This means that you could face as little as up to one year in jail or as much as 30 years in jail for an embezzlement conviction, depending on your situation. Typically, your charge will reflect the total amount the property that was embezzled was worth, meaning most embezzlement charges end up being felony charges carrying the possibility of years behind bars. 

Contact an Arlington Heights, IL Criminal Defense Attorney 

Being charged with any type of crime can put you in an unfavorable situation, but when you are charged with a serious financial crime like embezzlement, you need skilled legal counsel to protect your rights. Scott F. Anderson, Attorney at Law has helped clients defend against many types of white-collar crimes and theft crimes, making him the obvious choice as your Rolling Meadows, IL criminal defense lawyer. To schedule a free consultation, call our office today at 847-253-3400.

 

Sources:

https://www.ilga.gov/legislation/ilcs/fulltext.asp?DocName=072000050K16-1

https://www.ilga.gov/legislation/ilcs/ilcs5.asp?ActID=1999&ChapterID=55