When Does Embezzlement Become a Felony, and What are the Consequences?

Insider Trading MN
What Are Other Consequences of Illegal Insider Trading?
November 17, 2019
Monety Laundering Attorney MN

Embezzlement is typically a misdemeanor, but becomes a felony charge based on the value of what is being embezzled. The requirements for enhancing a misdemeanor embezzlement charge to a felony embezzlement charge varies by a state’s local jurisdictional rules; however, many state laws classify embezzlement crimes into tiers, with a varying degree of punishments.

For instance, the penalties for embezzlement charges are outlined as follows:
• Misdemeanor Charge: Embezzlement of property valued at less than $2,500 is a misdemeanor punishable by up to 9 months in prison, a fine of up to $10,000, or both;
• Class I Felony: Embezzlement of property valued between $2,500 and $5,000 is a felony punishable by up to three and a half years in prison, a fine of up to $10,000, or both;
• Class H Felony: Embezzlement of property valued between $5,000 and $10,000 is a felony punishable by up to 6 years in prison, a fine of up to $10,000, or both; and
• Class G Felony: Embezzlement of property valued at greater than $10,000 is a felony punishable by up to 10 years in prison, a fine of up to $25,000, or both.

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