Mississippi Embezzlement Laws & Charges + Statute Of Limitations

By | January 2, 2014

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

Employee embezzlement blamed for Kids Kloset closing

WDAM-TV - 4 weeks ago
RIDGELAND, MS (Mississippi News Now) -. Someone associated with the Ridgeland Kids Kloset consignment shop claims embezzlers caused the owner to shut her doors, an action which cost consignment...

Second person charged in softball team embezzlement case

WDAM-TV - 5 hours ago
ELLISVILLE, MS (WDAM) -. A second person has now been arrested and charged in an embezzlement case out of Jones County. Stacey G. Bryant, 39 of Ellisville, was taken into custody on Monday and...

Bonds revoked for ex-Alcorn County supervisor

WJTV - 1 hour ago
(AP) – An Alcorn County judge has ordered a former county supervisor held without bond as he awaits trial on an embezzlement charge. According to multiple media reports, prosecutors sought to...

Embezzlement trial postponed again for former Texoma lawmaker

KTEN - 22 hours ago
Gumm lost his seat to Josh Brecheen and left Oklahoma to work as the executive director of the Stone County Mississippi Economic Development Partnership. That's where prosecutors say he stole...

Former Material Girls manager accused of stealing thousands from two different ...

WDAM-TV - 2 hours ago
FLOWOOD, MS (Mississippi News Now) -. Former Material girls manager Krista Brown was arrested by Flowood police on Monday for embezzlement. Material Girls owner, Whitney Giordano Foster, says that...

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