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Embezzlement charges can result from common missteps

On Behalf of | Jan 27, 2020 | Embezzlement

Whether you for a large corporation or a family-run business California business, the world of finance has complex requirements, and typically includes vast amounts of detailed data. Most people think of corruption when they hear the words “corporate embezzlement.” However, this is not always the case. Instead of a self-important executive trying to game the system, cut corners and steal from investors, sometimes it is because of a mistake. Whether the error was yours or someone else’s, the consequences can be disastrous for you and the company. 

According to the Association of Certified Fraud Examiners, there is no such thing as accidental embezzlement. However, you can unknowingly take a misstep even if you have experience dealing with company finances, you can stumble, inadvertently mishandling corporate funds. When this happens, you may leave yourself open for a lawsuit. There are several crimes other than embezzlement that could involve a misunderstanding, making you susceptible to criminal charges without even knowing about it. 

  • Bribery can occur when you give a gift to a business owner or another employee under certain circumstances. 
  • Fraud is not uncommon in small, independently operated organizations. Misrepresenting a material fact can result in fraud charges, especially if the business suffers damage as a result. 
  • Federal securities fraud can occur when a mistake entering a trade occurs. This can result in significant lost funds. 

If you had no ill intent and had no idea you committed a criminal act, this lack of malicious intent is often a valid defense. However, you must prove this, which takes time. Visit our webpage for more information on this topic.