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Posts tagged "Embezzlement"

Credit union executive's conviction leads to state takeover

People who live in New York and who are involved in the financial services industry know that theirs is a highly watched and regulated sector of business. While this is certainly understandable, given that professionals are in charge of other people's money, it can also provide unique challenges for banking financial services professionals as their every move may be under scrutiny.

The impact of embezzlement charges on one's career

Embezzlement charges can give rise to a plethora of challenges, such as anxiety over heading to court, financial penalties and even time behind bars. With that said, these allegations can disrupt someone's life in many other ways. For example, someone who is accused of embezzlement in New York may find that the accusations disrupt their career in many ways. They may find themselves out of work after allegations of embezzlement arise, and they may even be unable to secure a position in their field later on. For these reasons, it is important for those accused of embezzlement to examine their legal options carefully.

Removing an embezzlement conviction from your record

A criminal conviction for embezzlement can significantly hinder your opportunities to move with your life after you have completed whatever criminal penalties your convictions forced you to complete. For this reason, many in your same position have come to us here at Sapone & Petrillo, LLP asking if such an offense can be expunged from their public record. While that state of New York certainly does not want to hinder your chances of success following a criminal conviction, it does not provide a means through which an embezzlement conviction (or any criminal conviction, for that matter) to be expunged. However, it does allow your record to be sealed. 

Former CFO and subordinate accused of embezzling nearly $1M

One of the founding principles of the American criminal justice system is that one is considered to be innocent until proven guilty. Unfortunately, that may not always hold true in terms of perception. When one is arrested for a crime in New York (especially one that is as high-profile and financially significant as embezzlement), it may be common to assume that they are guilty. This can be particularly troublesome in that if and when a case goes to trial, such assumptions might make it seem as though the decision regarding a defendant's fate has already been made. 

False allegations of embezzlement

There are many different types of white collar offenses that executives, employees and others find themselves accused of. However, charges related to embezzlement can be particularly concerning and may lead to very harsh consequences. Worse yet, some people are accused of embezzling money when they are completely innocent and these false accusations can completely shatter their life. If you are struggling with allegations of embezzlement even though the claims are baseless, you need to immediately protect your interests and look into your legal options.

Prominent prime minister lives lavishly after embezzling funds

When peoples' jobs require them to work with large amounts of money, they often have access to significant resources and power to move them around as designated by their superiors. However, improperly implemented protocols for monitoring functions, as well as a lack of transparency can be incredibly damaging to any New York firm if they have employees who are dishonest. Participation in financial crimes can wreak an extreme backlash of consequences that can ultimately destroy a firm's reputation and brand name in the most severe cases. 

Embezzlement charges await former Microsoft executive

When one is accused of embezzlement in New York, many might automatically assign guilt to them based on the assumption that charges would not be made without sufficient evidence to support them. Yet the fact is that an alleged embezzlement offense (or any financial crime, for that matter) might have several layers to it that might skew the lines between simple judgment errors to gross misconduct. It is for this reason that those accused of such crimes should not be viewed as culpable until all the facts pertaining to case have been revealed. 

Is a Ponzi scheme a type of pyramid scheme?

As someone working in New York, you've likely heard of pyramid schemes and Ponzi schemes before. Sometimes, they're lumped together. Other times, people call Ponzi schemes a "type" of pyramid scheme. But is that actually accurate? While these two types of schemes are similar in many ways, they also have a number of fundamental differences.

Proving the legitimacy of your business expenses

Most in New York hear the word "embezzlement" and picture someone relaxing on the deck of a lavish home in some tropic paradise that was completely paid for by the company's dime. At least that is the assumption that many had prior to coming to us here at Sapone & Petrillo, LLP after having been accused of embezzlement themselves. In theory, any misappropriation of company funds that is linked to you could qualify as embezzlement. How, then, are you to protect yourself from such a charge? 

Embezzlement allegations against former CFO dropped

When people in New York hear or read stories about financial professionals being accused of illegally or unethically obtaining or using company funds, they may automatically assume the person is guilty or has little to no option to defend themselves. That is certainly untrue as the justice and legal system is set up to allow all defendants the right to prove their innocence. Sometimes, charges can come to be dropped in what may seem to some by unusual circumstances.

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