Embezzlement Law Arizona
The term embezzlement instantly triggers pictures of corporate cases of stolen money. However, in most American states, including Arizona, the actual offense of embezzlement is much wider and is applicable to the stealing of any property.
According to the state’s embezzlement law, embezzlement is a criminal offense that involves an individual who had the responsibility of protecting, managing, or monitoring the property of someone else. In such cases, he/she steals part of or the entire property for their personal benefits or uses.
According to embezzlement law Arizona, fraudulent embezzlement or misappropriation is simply regarded as theft. Although the offense may itself involve embezzlement, it is still regarded as theft in the state.
The major aspect of Arizona embezzlement laws is that the individual charged with the crime enjoyed authorized or legal access to the property of someone else without complete, official, or outright ownership of it. The authorized access added to the offense, which triggers the misdemeanor of embezzlement.
Punishment for embezzlement in Arizona
According to the embezzlement definition law of the state, the penalties are mentioned below:
- In case an individual embezzles 25,000 USD or higher, he/she is guilty of the class 2 felony. The guilty are penalized by a prison term between 4 years and 12.5 years. The offender also has to pay a fine of up to 1,000 USD.
- In case an individual embezzles property or money whose value is between 4,000 USD and less than 25,000 USD, it is regarded as a Class 3 felony. The offender is penalized by a minimum fine of 1,000 USD and a prison term between 2.5 years and 8.75 persons.
- When an individual embezzles between 3,000 USD and less than 4,000 USD, or when an individual steals transmission or a vehicle engine irrespective of value, the offense is considered as a Class 4 felony. It is penalized by a prison term between 18 months and 3.75 years. The guilty also has to pay a minimum fine of 1,000 USD.
- When an individual embezzles an amount between 2,000 USD and 3,000 USD, they are said to have committed a Class 5 felony. The offender is penalized by a prison term between 9 months and 1.5 years and a minimum fine of 1,000 USD.
- If a person embezzles between 1,000 USD and less than 2,500 USD or if an individual robs an animal or a firearm for animal fighting, the person is considered to have committed a Class 6 felony. The offense is penalized by a prison term between 6 months and 1 year and a minimum fine of 1,000 USD.
- In case an individual embezzles less than 1,000 USD or more, the offense is considered as a Class 1 misdemeanor. The convicted is penalized by a maximum prison term of 6 months, probation for 3 years, and a fine of up to 2,500 USD.
Theft or stealing is regarded as a serious offense not only in Arizona but in the entire United States of America. When a person has the responsibility of controlling public funds, it could be tempting to misuse their status and steal another person’s assets unlawfully.
Also, mixing the same with their personal investments or even concealing or using them seems like an easy way to earn more. The state of Arizona treats embezzlement as fraudulent misappropriation and charges it as a theft, irrespective of what kind of theft or stealing was committed.