Mississippi Embezzlement Laws & Charges + Statute Of Limitations

By | January 2, 2014
Views: 1821

In the state of Mississippi, embezzlement is a crime that involves the criminal transference of a person’s property by another person who is considered to be in a position of trust. This refers to the conversion of money or other assets that is fraudulently placed into the hands of another person by an employee, volunteer, or other party that has been placed in a position of responsibility for the property. This is often done for personal gain by the person committing the act, and crimes of embezzlement come with lofty penalties in Mississippi.

These crimes can be committed on a personal or professional scale, and some examples of embezzlement are:

  • A family member taking funds for their own gain from another relative they are caring for at any time.
  • The treasurer of an organization taking money from the account they are in charge of managing.
  • An employee in the financial department of a company taking money from various accounts in small increments for their own personal gain.

Acts of embezzlement can be carried out in many different settings or situations, but each act is taken very seriously under Mississippi law. The amount of money or assets a person embezzles with directly correlate with their jail sentence or other type of punishment, and these charges can come with either felony or misdemeanor convictions.

Mississippi Laws And Penalties

Like most states, the penalties in Mississippi regarding embezzlement charges will vary with how much property is in question. Embezzlement cases involving greater value amounts will involve larger penalties and jail sentences, while cases involving lesser value amounts will come with less. Many embezzlement cases are based on whether or not the property was valued at over or under $500, with those over the amount coming with felony charges. The penalties stemming from embezzlement charges are:

  • Embezzlement valued at under $500: Those that commit embezzlement of property valued at under $500 will face misdemeanor charges as well as a $1,000 fine that can include up to a 6 month sentence in jail.
  • Embezzlement valued at over $500: Those that embezzle funds or other property valued at over $500 will face felony charges that come with a fine of up to $25,000 as well as a sentence of up to 10 years in prison.

Embezzlement of public funds or trust property is also taken very seriously in the state of Mississippi, and these situations come with their own specific charges and penalties. Embezzlement of public funds is done by a public employee who is entrusted with the care of said property, and these charges will include a fine of up to $5,000 as well as a potential prison sentence of up to 10 years.

Embezzlement of trust property is done by those who manage a trust for another individual with the expectation that the property or funds held in the trust will be returned to the individual at some point in time. These types of embezzlement charges will come with a fine of up to $1,000 as well as a potential 1 year jail sentence.

Statute Of Limitations On Mississippi

While the statute of limitations on the majority of crimes committed in Mississippi is 2 years, embezzlement is exempt from having any statute of limitations at all in the state. A statute of limitations is the maximum period of time allowed to have elapsed before legal action is brought about, and this means that for most crimes committed in the state of Mississippi, a person cannot wait more than two years before taking a case to court after a crime has been committed. However, in cases of Mississippi embezzlement, this statute of limitations does not exist as the law considers these crimes to be of such importance that prosecution should not be limited by time.

Key Mississippi Embezzlement Cases

Latest Mississippi Embezzlement News

Former Meridian Community College employee arrested on embezzlement charges

WJTV - 2 days ago
JACKSON, MS – A former employee of Meridian Community College has been arrested. According to the Mississippi State Auditor's office, a Lauderdale County Grand Jury indicted Sandra Gail Young...

Former store manager faces embezzlement charges

WAPT Jackson - 4 weeks ago
From the web. Follow Us On Google+. 16 WAPT News Jackson · google.com/+16WAPTNews. WAPT.com is Central Mississippi's source for local and breaking news, weather and sports,. Follow. +1. +...

Former Gunnison town clerk arrested

WAPT Jackson - 2 days ago
Marquita Payne is accused of embezzling money from the town from January 2012 through December 2013, according to a news release issued Tuesday by State Auditor Stacey Pickering. Mug shots: August...

Gauen: East St. Louis struggling through new cycle of strange times

STLtoday.com - 20 hours ago
That ensured subservience to the settlement on the Mississippi River's west bank. The place could be progressive. East St. Louis beat St. ... In 1881, thieves burned City Hall to conceal...

Employee embezzlement blamed for Kids Kloset closing

Mississippi News Now - 2 months ago
"When you're looking in a criminal case, we would need to look to see if there was intent by that taxpayer to defraud the state," said Mississippi Department of Revenue spokesperson...

News via Google. See more news matching 'Embezzlement Mississippi'

Category: Mississippi Federal Lawyer
Geoffrey Nathan

About Geoffrey Nathan

Geoffrey G Nathan is a top federal crimes lawyer serving the Northeast including Massachusetts, Maine, New York, New Hampshire, Vermont, Rhode Island, New Jersey, Pennsylvania & Connecticut. He is well known for representing clients nationwide. If you have a federal case you would like him to review CALL TOLL FREE 877-472-5775