Bail for Financial Crimes
Where There’s Money, There’s Crime. Connecticut Is No Exception.
Financial crime is any crime which unlawfully converts ownership, use or benefit of property from one party to another. Needless to say, this is a VERY wide umbrella. Financial crimes vary from the simple act of shoplifting all the way up to corporate crime.
Despite this range, financial crime is considered by many to be synonymous with White Collar Crime, such as money laundering, fraud, bribery and embezzlement. This is a family of nonviolent offences that are not always considered to be serious by the public. Ironically, because of the large scales and the amounts that can be involved, these are often the crimes that cause, by far, the greatest harm to the greatest number of Americans.
Likewise, the large scale of such crimes and their investigations often lead to much larger bail amounts for those accused of financial crimes than for any other crime: even for very wealthy plaintiffs, a bail bondsman is a necessity.
Types Of Financial Crime
Embezzlement is a specific type of theft of property, or larceny. Larceny is considered embezzlement when the property being taken was somehow entrusted into the care of the accused: for example, if an accountant in a company were to improperly move funds from the company into his own possession, that would be embezzlement. It is one of a family of offences often referred to as “white collar crimes” and is most commonly reported in relation to business, especially where finance and fiduciaries are involved.
Embezzlement is a crime that has grown in both prevalence and awareness in recent years. Bernie Madoff was convicted for the largest act of embezzlement in US history in 2008. Connecticut, too, has had its fair share of embezzlement schemes. one of the most famous is the case of Michael Goldberg. Attached is the story; it’s worth the read. https://www.masslive.com/news/2011/05/connecticut_man_who_ran_100_mi.html
Embezzlement often occurs for years without the victim’s knowing. As such,investigations can be complicated and may take some time. Evidence is often hidden but plentiful, and eventually an arrest warrant will be obtained.
If you’re accused of embezzlement you should make preparations for what will follow. You will want to make arrangements with us to ensure you spend little to no time in custody. You will also need an attorney. This is a very important decision and should not be done hastily. Not all attorneys are created equal. Some are downright awful. Please read our page about choosing an attorney.