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Embezzlement charges brought against man for stealing $3 million

There are many St. Louis residents who may not enjoy their jobs on a daily basis. For some, however, there can be far more concern with a job than the common daily issues experienced by most.

Allegations of corporate crime can be troubling because they strike at a person's livelihood. Embezzlement, for example, is one of the most common white collar crime charges that arises in the employment arena. Embezzlement charges may be brought where funds are alleged to have been misappropriated at work, either in a lump sum or in small amounts over time.

One man is facing federal embezzlement charges stemming from his employment as a credit and collections manager for a company for the past 20 years. Given his position, the man had the ability to request and authorize checks from the company. According to a newly-filed criminal information, the man stole nearly $3 million over a 16-year period through a scheme in which he created reimbursement checks and forged signatures. The man is alleged to have used over 1,000 such checks in order to divert funds and use those funds on personal items.

Typically, in order to be convicted of embezzlement, a person must have some type of fiduciary relationship with another party. This means there is a close relationship where the person is entrusted with some responsibility, such as where a person occupies a position in a company where he or she has control over funds. The person must have then used that relationship to intentionally acquire property for himself or someone else.

As with most white collar crime, cases of embezzlement can be very fact dependent. The schemes that are alleged often involve intricate facts, and therefore it is essential that individuals understand the charges against them and the defenses that may be available.

Source: Cleveland.com, "Medical Mutual of Ohio manager charged with embezzling nearly $3 million over 16-year period," James F. McCarty, Aug. 11, 2014

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