Defenses to accusations or embezzlement may seem few and far between; indeed, many come to us here at Sapone & Petrillo, LLP having been accused of this crime convinced that their guilt is assumed. Yet even in cases where a prosecutor claims to have evidence of you using your company's funds to finance your own separate endeavors does not necessarily mean that you have embezzled that money. Rather, in cases where government entities were involved in a case, the possibility of entrapment is ever present.
Whether you have a small business in New York or are an executive in a large corporation, the world of finance is complex, and missteps can be devastating. Unless you are a finance expert, small decisions that seem inconsequential at the time can result in an illegal action. At Sapone & Petrillo, LLP, our experienced attorneys often defend clients from embezzlement charges.
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.
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.
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.
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.
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.
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.
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.
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.