Embezzlement Finds its Way Into Local Catholic College

Just last month, embezzlement went public at the Iona Catholic College in New Rochelle New York. Sister Marie Thornton, the school's Vice President of Finance was fired last year and the theft was in the amount of $800,000 which occurred over the past decade. The funds were apparently taken out of the school's main operating budget. The information was made known on a recent IRS tax filing form for 2008. Sister Thornton's whereabouts at present was not known and no formal charges have yet been made. The college apparently recovered some of the stolen funds but would not say how much.

Penalties for Embezzlement

Embezzlement is considered a white collar crime and can happen almost anywhere. It can be legally defined as the fraudulent conversion of another's property by a person who is in a position of trust, such as an agent or employee. The penalties for embezzlement vary according to the type of trust that was assumed or agreed upon as well as the quantity of what was embezzled and each state can determine their own penalties. The penalties for embezzlement include:

• Sentencing to jail or prison
• Probation or parole
• Community service
• Restitution to the victim(s)
• Heavy monetary fines and fees

Having a conviction for embezzlement can cause loss of social status, respect and cause much disruption in one's life. It can literally ruin a person's professional and personal reputation. It sometimes happens as well that an individual who has embezzled will make it seem as if another is responsible, resulting in false charges being brought against that individual. One can be "set up" or wrongly accused of any crime, including embezzlement.

If you or someone you know has been accused or formally charged with embezzlement in the New York City or surrounding area, you need to contact a New York embezzlement defense attorney as soon as possible. Losing your career and respect in life can be devastating and could affect you negatively for years to come. At the Law Offices of Hochheiser & Hochheiser, LLP, we are experienced New York criminal defense lawyers who have represented many clients for white collar crimes, including embezzlement. With our extensive legal experience, we have accumulated many valuable resources and connections which can help in strengthening your defense and increase your chances of avoiding a conviction.

Contact a New York City Embezzlement Attorney in our office for a free consultation today.