Embezzlement Law Vermont
The habit of taking possession of someone else's money or property without their consent is categorized under crime in the United States of America. Such a habit is commonly referred to as theft. When it is planned and executed neatly it is referred to as larceny, embezzlement, etc.
Embezzlement law, in general, is the set of laws laid by the state assembly that is used to punish the accused who has laundered money, property, bonds or government funds. In states like Vermont, along with federal law, there are statutes on larceny and embezzlement defined state-wise and punishments are severe.
What is Embezzlement in Vermont?
Vermont Embezzlement laws are clearly separated as larceny, embezzlement, shoplifting, theft, etc. The statutes were last updated in November 2018.
In general, embezzlement is associated with an officer; agent or servant of a banking association who has fraudulently converted the money of the institution for his own use as the money has come under their possession or care.
As mentioned earlier, Vermont embezzlement law has two categories of larceny and according to the statutes petit larceny is classified as a misdemeanor and grand larceny can be classified under misdemeanor or felony based on how much property is stolen or misappropriated.
Embezzlement Definition law also defines the ceiling of considering the embezzlement as a misdemeanor if the value of the property is less than $100. However, if the value has exceeded $100 and has also caused damage to other public property, the case will be tried under a felony.
Generally, when one is booked under larceny charges, the probability of filing petit larceny and grand larceny are:
- Seizing someone else's money
- Forging bonds, bank accounts
- Stolen property trading or possession
- Unauthorized use of boats or aircraft
- Firearms theft
- Trust breaching
- Guardian stealing the owner's property.
In any of the cases mentioned above, the charges are analyzed, the evidence is collected and suitable punishment for embezzlement in Vermont is announced as judgment.
The punishments according to the Embezzlement Law Vermont statutes are quite high and the intention of the state is to create fear in people so that they do not even think of committing the crime.
According to chapter 13, crimes and criminal procedures in the Vermont Statutes, chapter 57 is dedicated to Larceny and embezzlement. The accused must be tried within 6 years of filing the case. Under this there are subchapters for:
- Receiving stolen property
- Theft of services or rental property etc. for each of these cases, penalties are heavy based on the value of the properties embezzled. If the property is valued $100 or less, the accused can face up to a 1-year jail sentence or asked to pay a fine of $1000. Sometimes, if the embezzlement is planned and executed, both jail and fine are effective. In case if the theft value is higher than $100, it can lead to a fine of $10000 or 10 years in jail or both.
According to the statutes of Vermont, repeated offenders are punished even harder. This is to ensure that the city's code of conduct towards thieves and their associates is always hard.
Similarly, embezzlement caused by government officials or if any public servant is caught red-handed helping larceny accused, the official will be charged with higher penalties. This is to ensure that a person in a rank never misuses his position wrongly.
Embezzlement in Vermont is a serious offense. Even though petit theft is a misdemeanor, criminal records will be created for the same in detail. With such accusation, one will find difficult to earn a good job in the neighborhood.
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