Embezzlement is fraudulent act where one tries to own illegally the property and assets of another person. This is a form of white collared crime and takes place mainly in the work surroundings. Over the years there are many companies and people who have found themselves affected by embezzlement. In many cases the person who is handling bulk amounts of money on a daily basis seems to have some shortage of money, which is improperly used or stolen. If this scenario exceeds then the person’s reputation would be badly hit and this mainly implies to business owners.
This is a simple process to understand and occurs when a person steals the funds and property of the other person or organization and in turn passes the remaining amount as the only one received. To be more specific the people who steal small amounts of money which gets unnoticed by company or personal come under this act. Generally the person involved does it for a prolonged period.
This act is punishable by law and its severity depends on the crime’s intensity. Some of the factors involving this are:
• The extent at which money or property underwent embezzlement.
• Harm caused to person due to embezzlement.
What to do if you are a victim?
If you have noticed that the money laundered in your company then you must immediately tell your superior. If you find out that your superior is the main culprit behind this, then seek for the one who is higher than the superior.
In case of business owners contact an Attorney so that the proper investigation takes place in this issue and further proceeded according to law. Even if you are not sure whether embezzlement has taken place or not then attorneys help you to bring in a clear picture. It is better to have updating with this information so that you are not held responsible for unknowing or ignorant of whether the crime existed or not. In corporate world there is greater chance of embezzlement being shifted to you and the result being, you to suffer the unaffiliated crime. Seek the help of a professional Criminal Defense Attorney to help you bail out from this incident. It is important and necessary to hire an expert to resolve this issue, as this is a critical one involved which influence your emotional and professional goodness. The more quickly you conform these occurrences the better and the worst thing being not to take action.