All about embezzlement
Firstly, the Google definition(https://criminal.findlaw.com/criminal-charges/embezzlement.html)of embezzlement is as follows: theft or misappropriation of funds in one’s trust belonging to one’s employer. Under California law, for a crime to be labeled embezzlement, there must be three conditions that must be met:
A) A person must misappropriate someone else’s property for their benefit
B) That person must have shown the intent of misappropriation
C) The property must have been given to the embezzler by its owner.
This is usually in the case of employees, board members who have been granted access to the property, e
In California, there are two types of embezzlement: petty theft and grand theft. Grand theft is when a vehicle or a firearm is involved or if the value of the property embezzled is more than $950 in value in 12 months. Petty theft is when the cost is less than $950. In both cases, a bail bondsmen would be required to be released from jail.
A conviction for petty theft results in a maximum of 6 months in jail and/or a maximum of $1,000 fine. For grand theft, you could be charged with a felony or a misdemeanor, depending on the criminal history and nature of the crime. If a firearm is stolen, a felony charge will automatically apply. A misdemeanor grand theft conviction can result in probation, up to 1 year in jail and/or a maximum fine of $10,000. For a felony grand theft conviction, charges can be up to 3 years in jail and probation. If the embezzlement value was more than $3.2 million, you could serve up to 4 years in prison. If you want to know all about embezzlement then call to Avolevan bail bonds walnut.