Embezzlement Law Washington
When you watch or read the news, it is common to come across individuals facing consequences due to the Washington embezzlement law. What is the meaning of this term and what is going to happen if someone commits this crime? Today, you will get to learn about embezzlement law Washington and the punishment that comes with it.
Washington Embezzlement law – What you need to know
News channels tend to cover high-profile embezzlement law cases, as it involves thousands of dollars. It is clear that embezzlement definition law refers to money. As per the legal terminology for Washington embezzlement laws, it is an unlawful use of assets, entrusted to an individual by the rightful owner.
According to the embezzlement definition law, the entity has the right to be in possession of the assets. However, if this individual uses it for any other purpose other than what the owner entrusted him/her to do, it becomes a crime.
An example of Washington embezzlement laws coming into play is a chief financial officer (CFO) of a company. Rather than managing his/her business’s finances, he/she decides to siphon $100,000 into his/her personal account.
To cover up the crime, he/she creates fake bills, so that the transfer looks legitimate. However, the accountant of the company discovers that this is a fraudulent transaction. As a result, the business can take action against this individual under the Washington embezzlement law.
What is the punishment under embezzlement law Washington?
When it comes to embezzlement law Washington, anyone guilty of committing the crime will have to face the ramification due to his/her actions. Given below is the punishment for embezzlement in Washington:
The minimum punishment for embezzlement in Washington is theft of third degree, which falls under the gross misdemeanor category. As per the Washington embezzlement laws, any individual who steals assets worth lower than $750 will fall into this section. The punishment for embezzlement in Washington in this category is as follows:
- A maximum fine of $5,000
- Confinement in a county jail for up to one year
If the individual or entity steals assets worth greater than $750, but not more than $5,000, then it becomes a second-degree theft. According to the Washington embezzlement law, this is a class C felony in the state. The punishment for embezzlement in Washington is:
- Fine which can reach up to $10,000
- Incarceration in state correctional facility, where jail time can be as long as five years
The highest punishment for embezzlement in Washington is when an individual steals more than $5,000 worth of assets. The state recognizes these actions as a Class B felony, as it is a first-degree theft. As per the embezzlement law Washington, the punishment for this crime are the ones given below:
- Fine for the offender can be a maximum of $20,000
- Spend time in a state correctional facility, which can extend all the way to 10 years.
What should you do when it comes to Washington embezzlement laws?
The problem with embezzlement definition law is that you can face severe consequences if you don’t take the right action. Not only can it damage your reputation, but it also hampers your chances of earning a livelihood.
If someone charges you with embezzlement law, the first thing you need to do is get in touch with a lawyer as soon as possible. Make sure the attorney you contact specializes in embezzlement definition law.
Once you get a lawyer, this professional will make sure that to fight the embezzlement law case charges. He/she will keep your best interests in mind so that you receive fair treatment. The embezzlement definition law tends to change, which is why it is crucial to hire an attorney. You can direct all your questions regarding embezzlement law to this professional.