In Michigan, the offense of embezzlement is a crime of opportunity which is committed by someone who is in a position of trust (such as a cashier or teller) or in a special position to care for the property of another (accountant, bookkeeper). The recession has caused financial hardship for many of our clients in Macomb County and Oakland County. The housing crisis, stock market decline and bleak employment situation hit many people at a time when they were funding retirement plans and college educations. After 2007, embezzlement crimes soared in the United States. Unfortunately, desperation, poverty, drug use and opportunity are causes why otherwise law abiding people break the law to make ends meet.
Wikipedia defines embezzlement as the act of dishonestly appropriating or secreting assets by one to whom such assets have been entrusted. Embezzlement is covered in the Michigan Penal Code at MCL 750.174. The maximum penalties are as follows: