Economic crime can take several forms: theft, embezzlement, money laundering, and various forms of fraud among others. Although financial crimes are not inherently violent in nature, they are considered very serious offenses, and charges of financial crimes should never be taken lightly.
Generally speaking, embezzlement is stealing money or items of value that do not belong to you, but that you have certain control over. The simplest example might be an employee at a store taking money from a cash register. A more complex example might be an accountant at a large company using some complicated scheme to funnel money into his or her personal accounts. The difference between embezzlement and theft is usually considered to be the rights that the offender has over the money, however, under the Colorado Revised Statutes, there is no law specifically addressing embezzlement. Depending on the circumstances of the offense, a person accused of embezzlement may be charged with theft, a Class 3 or 4 felony depending on the amount of money, or that person may even be charged under the Colorado Organized Crime Control Act. In any case, if you have been accused of embezzlement, or if you believe that you will be, speak with a Colorado criminal defense attorney with experience defending against financial crime charges immediately.
If the state chooses to prosecute embezzlement under the Colorado Organized Crime Control Act, it becomes a Class 2 felony. Regardless of the particular charges filed, embezzlement is a serious crime, and the consequences can be very severe, and long-lasting. Don’t let embezzlement charges ruin your life. Contact a Denver economic crime defense attorney as soon as possible, before speaking with the police.
Money laundering is using illegally obtained money in such a way as to intentionally hide its source. Money laundering is a charge that is frequently accompanied by other criminal charges, but is a serious charge in itself. Money laundering is a Class 3 felony, carrying a presumptive penalty range of 4 to 12 years in prison. Depending on the circumstances, the penalty may be shortened to as little as 2 years, or lengthened to as much as 24 years.
There are numerous other examples of economic crime. Although charges of economic crimes may be less severe than many violent crimes, these charges are by no means to be taken lightly. If you have been charged with any economic crime, or if you believe that you will be, don’t let those charges ruin your life. John Fuller is an experienced Denver criminal defense attorney who can protect your rights throughout the criminal justice process, and will fight hard to have your charges dismissed, or to get you an acquittal. No one has to stand alone when charged with a crime; ask John Fuller to stand with you to protect your rights. For more information and a FREE CASE EVALUATION contact John Fuller at (303)597-4500.