Embezzlement is a type of property theft that occurs when someone entrusted to manage or monitor someone else’s money or property steals all or part of it for personal gain. In order for a theft to be considered embezzlement, the person stealing the property must have lawful access to it but no legal right to use it for their own purposes.
Embezzlement is a serious offense with significant consequences. In North Carolina, the penalties for embezzlement are dependent on the relationship of the defendant to the victim, and the value or type of property stolen. Conviction for embezzlement typically results in jail or prison terms, fines, or both. There is no statute of limitations for criminal embezzlement.
If you have been accused of or charged with embezzlement, contact our criminal defense attorneys today to discuss your specific situation.