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Who gets charged with embezzlement in Dallas-Fort Worth?

by | May 4, 2023 | White Collar Crimes

Embezzlement is a white-collar type of theft crime in which someone entrusted with another party’s property is accused of stealing that property for their own use. Most people charged with embezzlement are professionals like accountants, business executives and trustees.

Profile of an embezzlement suspect

Anybody in Dallas in a position to handle money or other assets belonging to another person or a business can be charged with this crime. Still, statistics indicate a picture of the “typical” person accused of embezzlement. The Association of Certified Fraud Examiners (ACFE) released a report in 2020 based on more than 2,500 cases of alleged workplace fraud to paint a picture of the prototypical embezzler. Among ACFE’s findings:

  • More than 70 percent of accused embezzlers are men.
  • Most are aged 31 to 45, which makes sense, given that they have reached a certain point in their professional careers.
  • Few have a previous criminal record.
  • They tend to work in upper management, operations, accounting or sales.
  • Many accused people had financial problems, often because of living beyond their means.

Also, the amount of money reportedly stolen depends on the suspect’s job. While the median amount allegedly stolen was about $60,000, the figure goes up to $150,000 for managers and $600,000 for executives. This could be because more powerful employees have greater access to large client or company accounts.

Few career criminals

As mentioned above, most people accused of embezzling are not career criminals. They could be falsely accused, or caught up in financial problems that made them desperate and susceptible to a mistake. If you are under investigation or have already been arrested, you need sound advice from an attorney you can trust. Your rights can only be preserved if you fight for them.