Mississippi Embezzlement Laws & Charges + Statute Of Limitations

Views: 5727

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 Mississippi court clerk arrested for embezzlement

Watchdog.org - 1 day ago
Former New Albany, Miss., Municipal Court Clerk Jennifer Galloway was arrested Monday after being indicted on one count of embezzlement by a Union County grand jury. Galloway, who was employed as the...

Mississippi attorney gets prison for bingo embezzlement

Jackson Clarion Ledger - 1 week ago
A Bay St. Louis attorney has been sentenced to five years in prison for embezzling more than $370,000 from a bingo charity in the Cleveland. Morgan Shands was sentenced Monday in Bolivar County...

Former deputy tax collector of Tallahatchie County sentenced ...

Mississippi Business Journal - 1 day ago
Deltra Young, former Deputy Tax Collector for Tallahatchie County, pleaded guilty to one count of embezzlement and was sentenced to serve 18 months of ...and...

State officials give their take on issues at Hobnob

Jackson Clarion Ledger - 7 hours ago
"It's not embezzlement, and it's not stolen. It's just they didn't follow the rules for spending federal dollars. ... $104 million could go a long way for education in...

South Mississippi felony arrest mugshots for Tuesday, Oct. 4, 2016

The Sun Herald - 3 weeks ago
South Mississippi felony arrest mugshots for Tuesday, Oct. 4, 2016. Samuel Morton, 18, was arrested Oct. 4 on a charge of possession of stolen property. Wayne Robertson, 50, was arrested Oct. 4 on a...

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

Have a pending criminal or federal case?

Have a Pending Criminal or Federal Case?
Request Free Evaluation Right Now.

Request Evaluation