Embezzlement

What is Embezzlement?

Under Texas law, embezzlement is essentially employee theft.

Whether you work the register at a store in the mall or oversee the accounts of a large corporation, you are put in a position of trust to handle your employer’s money and goods. When an employer suspects you are taking advantage of this trust, they may investigate you.

If the allegations of financial theft are shown to be likely, you could face charges of embezzlement.

Technically, the charge of embezzlement involves the appropriation of property with the intent to defraud or deprive.

There are several ways you could be caught up in an embezzlement case.

  1. Outright theft of cash from your employer
  2. Theft of goods or services from your employer
  3. Transfer of funds from a company account into your personal account
  4. Doctoring or “fixing” books to conceal income to your employer

Potential Penalties for Embezzlement in Texas

If you are found guilty of embezzlement, you could face fairly harsh penalties dependent on the amount of money or value of goods in question. This chart represents some of the approximate penalties you could be facing.

Value of offense

Potential Charge

Up to $1,500 Misdemeanor Charge, up to 1 year in jail
$1,500 to $20,000 State Jail Felony, up to 2 years in state jail
$20,000 to $100,000 3rd Degree Felony, 2 to 10 years in prison
$100,000 to $200,000 2nd Degree Felony, 2 to 20 years in state prison
More than $200,000 1st Degree Felony, 5 to 99 years in state prison
Share This