Federal Theft Crimes and Embezzlement Charges Under U. S. Criminal Code
Federal theft crimes and embezzlement charges are set out in the United States Criminal Code under 18 U.S.C. § 641 and the sections that follow. Federal theft crimes encompass charges involving theft by bank employees, officers and employees of the United States, misappropriation of funds by bank examiners and bank officers, illegal lending and theft from pension and health benefit plans. The federal theft crimes statute also includes theft of livestock and the theft of major artwork. See 18 U.S.C. § 667 and 668.
Under 18 U.S.C. § 656 bank officers and employees to our entrusted with the care and custody of money funds or credits brought into the bank and to embezzle, abstract or steel, or willfully misapplied the money or funds can receive prison sentences of up to 30 years and fines up to $1 million, or both. If the amount of money embezzled does not exceed $1000 the jail sentence is limited to no more than one year.
Bradford Ladner, LLP. is a Birmingham Alabama law firm with over 30 years of experience handling federal criminal matters and all federal courts in Alabama. If you are facing federal investigation, potential federal charges, or, if you have been charged in federal court, the assistance of an experienced federal criminal lawyer is crucial to obtaining positive result in your federal case. Please call Branford Ladner, LLP. for a free consultation regarding your federal case.