Federal Embezzlement Defense Lawyers Virginia

In the Commonwealth of Virginia, embezzlement is typically any type of property theft or larceny in which the defendant is primarily entrusted with the management or custody of assets or property belonging to another because of defendant’s office, employment, or a certain position of trust and reliability. According to a team of well-versed federal embezzlement defense lawyers Virginia, it is highly important for one to comprehend exactly what are the charges of embezzlement in Virginia State could be, i.e., what one can expect from the judges or courts for the penalty for their criminal activity.

In Virginia State, the consequences of the crime mostly depend on the worth, amount and value of the item, good, or property embezzled. As per Virginia Criminal Code, embezzlement of anything valued above $200 is punishable as a felony grand larceny, resulting in a maximum of twenty years in jail. On the other hand, the embezzlement of something of value less than $200 is punishable as misdemeanor petit larceny, resulting in a maximum of twelve months in prison, says a group of reputable federal embezzlement defense lawyers Virginia. Considering the severity of embezzlement punishment, it is critical to retain an experienced defense attorney when being accused of embezzlement charges in Virginia.

Embezzlement activity is quite common in corporate world. According to experts, having well-defined code of conduct, disciplinary policies, and strict regulatory rules can help organizations control the factor of embezzlement among its members. A strong anti-corruption control is typically an integral part of reputable companies well-known for trust and reliability.

An organization should leverage the services of federal embezzlement defense lawyers Virginia who can regularly study in the day to day of the company process in which the personnel can relate with public officials, and the legal firm can establish in what form it should be done as a protocol. Upon evaluation, they will elaborate an effective policy so that crime situations do not occur in those cases in which they can anticipate them. It is about putting obstacles and difficulties for those who want to ignore the law and, in the process, embarrass the firm. Thus, organizations should design policies for the delivery and receipt of gifts, travel, monitoring of accounting records where more or less there is evidence or doubt of embezzlement. That does not allow extinguishing 100% but a lot of it.

According to a firm of well-versed federal embezzlement defense lawyers Virginia, companies should impose an internal channel of reports where people who interact with the company can:

  • give notice of inappropriate behavior
  • influence the importance of documenting processes to maintain a strong control
  • perform internal audits
  • monitor the processes
  • assign roles and privileges to each position clearly and with well-defined boundaries

The philosophy of compliance seeks to mitigate the occurrence of crimes in the company and guarantees that it did everything in its power, and took all possible measures to avoid it. It is possible, hopefully not, that right now some irregularities are being committed in the company. A CEO must provide its company with a compliance plan. If you can do it, you have the responsibility to do it. Implementing some of these measures is essential. If you did not do so, you would also be responsible for not fulfilling your managerial role of “plan”, “coordinate” and “supervise”.