12 October

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Can tax evasion lead to jail time?

Tax evasion is a serious offense that involves individuals or businesses intentionally underreporting their income, inflating deductions, hiding money offshore or engaging in other deceptive practices to reduce their tax liability. While nobody enjoys paying taxes, attempting to evade them can lead to severe repercussions. The tax authorities, like the Internal Revenue Service in the United States, have to investigate and prosecute tax evasion cases. 1. Civil penalties Tax evasion can result in substantial civil penalties. These may include fines, interest on unpaid taxes and additional penalties for fraud. The exact penalties vary depending on the severity of the evasion and the tax...

05 April

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3 details to know if you are accused of embezzlement

Posted by Chris Proffitt

in White Collar Crimes

If you are being accused of embezzlement, finding a knowledgeable and experienced lawyer is an essential initial step in your defense. Understanding the variables that affect your specific situation can help you make better decisions as you build your legal team. Here are three questions to answer as you begin to build your defense. Does your state impose specific penalties? Each state will enforce your embezzlement charges based on its stipulations. For example, all embezzlement charges in North Carolina are felonies regardless of your accused embezzlement amount. The felony class of your charges depends on the embezzlement amount and dictates the severity of...

28 February

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Vet charged with embezzlement receives probation

Posted by Chris Proffitt

in criminal defense, White Collar Crimes

An individual who obtained money or services through alleged false pretenses may face an embezzlement charge. A false statement of fact regarding a past, present or future event could result in a felony charge, according to the North Carolina General Assembly. An embezzlement charge generally does not require proof that a defendant violated a position of trust such as employment. He or she may, for example, have provided details of hardship that caused an organization to provide a benefit based on events that did not actually occur. Conviction requires proof of false statement and intent to defraud A prosecutor must provide evidence showing...

22 February

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Misuse of company credit cards may lead to embezzlement charges

Posted by Chris Proffitt

in White Collar Crimes

Embezzlement typically refers to situations in which employees misuse their employer’s funds. The funds may find their way into covering personal expenses or transfer to another individual, but the basic allegation is that it represents theft from an employer. Many organizations rely upon the convenience afforded by credit cards to cover various expenses. Under certain circumstances, however, those employees entrusted with them might experience the temptation to use them for other than company business. In two separate cases, a Raleigh man and a Beaufort County bookkeeper faced newsworthy employer credit card embezzlement charges. The more notable of the two involved the Raleigh...

21 October

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Understanding North Carolina embezzlement laws

Posted by Chris Proffitt

in criminal defense, White Collar Crimes

When you think about embezzlement, you may imagine a large scheme designed to steal hundreds of thousands of dollars from a large corporation. In reality, however, many cases in which an employee steals from his or her employer involve smaller but nonetheless significant amounts. If you face theft or embezzlement charges in North Carolina, learn more about how the state laws will affect your case. State definition of embezzlement Theft becomes embezzlement when it involves certain individuals, including, but not limited to, trustees, clerks, agents and business administrators who divert company funds for their own use. Embezzlement is a Class H felony in North Carolina but...

13 February

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Why embezzlement is more frequent at small businesses

Posted by Chris Proffitt

in criminal defense, White Collar Crimes

Embezzlement can rock a company to its core. Often, the largest sums of money stolen from companies are taken by those in positions of authority. When a company loses money at the hands of its leaders, not only are investors and board members affected but rank-and-file employees quickly lose faith in the company as well. The effect can be much more traumatizing at a small company. That’s why a recent study was so shocking: It found that more than 80 percent of embezzlement thefts occurred at companies with fewer than 150 employees, and nearly 50 percent occurred at companies with fewer...