Embezzlement Charges

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Forms of Embezzlement And 18 USC 641 – 649

The provisions of 18 USC 641-649 constitute different forms of embezzlement. The following are the descriptions of each crime punished under this section of the code:

  • The embezzlement of public funds, public property or money in general
  • The unlawful use of tools or materials for counterfeiting
  • The use of public funds by a public officer without the authority and the failure to render an accounting for the same
  • The unauthorized deposit of public money to a bank that accepts the same
  • The act of embezzlement committed by court officers in general
  • Failure of a court officer to deposit money promptly to the court registry
  • Receiving knowingly from a court officer any money belonging to the court registry as a deposit or a loan
  • Misusing public funds by its custodian
  • Failure of the custodian of public funds to remit the same to the treasury

The Federal Bureau of Investigation (FBI) is responsible for the investigation of all types of fraud, theft and embezzlements under 18 USC 641-649. The bureau usually takes the investigation of embezzlement occurring in banking institutions involving its officers and employees, the embezzlement of pension, union and welfare funds. The US Secret Service, on the other hand, takes their investigation within the Federal Deposit Insurance Corporation (FDIC) level. Their investigation ofembezzlement involves the misapplication of funds by the FDIC employees.

The penalties imposed under the provisions of 18 USC 641-649 greatly vary depending upon the type of the embezzlement committed. Generally, the penalties involve the following:

  • Payment of a fine
  • Imprisonment
  • Community confinement
  • Forfeiture of the proceeds of the crime
  • Home detention
  • Restitution of the embezzled fund
  • Supervised release
  • The penalty is reduced when the defendant cooperates with the prosecution of the crime

Long-term prison sentence can sometimes be avoided in white collar crimes, such as embezzlement pursuant to 18 USC 641-649. Wall Street Prison Consultants specializes in helping federal and state offenders to obtain sentence reductions through programs that can help provide alternative solutions to long term incarceration. Our consultation services employ investigative and research processes to assist inmates and their lawyers in finding the best solution and alternatives available to reduce prison terms of an inmate. Discuss possible solutions to your issues today. Contact Wall Street Prison Consultants Inc at 855-577-4766. We’re here to help!