Federal Embezzlement Laws

Embezzlement is a complex crime. Sometimes embezzlement is a state crime, sometimes it’s a federals crime, and sometimes state and federal laws overlap for the same offence. One example of this overlap can occur when a bank employee uses his position of trust to misappropriate funds for himself. Oftentimes, such a crime is covered by both state law and federal law. In these cases, a prosecutor may choose to charge the defendant in state court or federal court. When it comes to federal embezzlement laws, there are several categories. Some of these categories include: public money, property, or records, counterfeiting tools, theft by a bank examiner, and many more.

Public Money, Property, or Records

An individual who embezzles money, property, records, or anything else of value that belongs to the federal government is likely subject to federal embezzlement laws. This also includes things which are being worked on by a private company but under contract of the federal government. If the value of those things being embezzled is more than $1,000, the individual may be fined $250,000 and imprisoned for up to ten years. For a value of less than $1,000, the fine is up to $100,000 and up to one year in jail.

Tools for Counterfeiting Purposes

This may include the embezzlement of stamps, printing devices, or other tools which are used by the federal government to to manufacture bonds, currency notes, postage, or anything else that the government uses to create something which will be placed in circulation. In this case, the penalties are unrelated to the value of the items. Regardless of how high or low the value is, the penalty would be a fine of $250,000 and up to 10 years in prison.

Bank Examiner Theft

This portion of federal law refers to bank examiners and assistant bank examiners who embezzle money from a banking institution which is part of the Federal Reserve System, is insured by FDIC, or is a foreign bank. The penalties for embezzling over $1,000 include a $250,000 fine, and up to five years in prison.

There are many other types of embezzlement which may be governed by federal embezzlement law. If you are being charged with embezzlement, contact David M. Dudley today. Mr. Dudley is an experienced federal embezzlement attorney who is ready to help you fight your case. Call 800-805-6167 for a free case evaluation.