Tulsa, Oklahoma Embezzlement Laws
Embezzlement is a white-collar crime that carries serious punishment under Oklahoma law. Not to be confused with larceny, embezzlement is defined as the fraudulent appropriation of property or assets to any purpose or use not known by its owner. Unlike larceny, embezzled property or other assets are legally obtained with the consent of its owner.
Oklahoma’s Embezzlement Law
Typically, people who are charged with embezzlement do not realize that they have been under investigation until the time of their arrest. Because embezzlement carries such hefty penalties and implications under Oklahoma’s statutes, it is important to hire an experienced attorney as soon as possible to ensure that your rights are adequately protected.
Punishment for Embezzlement
Embezzlement is punishable in Oklahoma according to the amount of the property or assets that are embezzled. Embezzlement under $500 is a misdemeanor that is punishable with up to one year in jail and a fine up to $1,000. Embezzlement of $500 to $1,000 is a felony that is punishable with up to one year in jail and a fine up to $5,000. Embezzlement of $1,000 and $25,000 is a felony that is punishable with up to five years in the state penitentiary and a fine of up to $5,000. Embezzlement Over $25,000 is a felony that is punishable with up to ten years in the state penitentiary and a fine up to $10,000. In addition, restitution to the victim—a full replacement of the property that was embezzled—is required sentencing for all embezzlement convictions.
Embezzlement is a serious white-collar crime in Oklahoma that carries significant penalties and expensive fines. As soon as you become aware that you are facing embezzlement charges, you should contact a qualified attorney to protect your rights and preserve your defenses. Even if charges have not yet been filed, an experienced attorney can ensure that your rights are protected if a criminal investigation is underway. Contact us as soon as you suspect you are being investigated for this serious crime by calling our office or filling out our online form.