If you are an accountant accused of embezzlement, the allegation is that you used entrusted funds for your own benefit. In Texas, such conduct can lead to felony charges. That can mean prison time, fines and restitution. Beyond criminal consequences, your job and reputation are at stake.
This blog will explore what it means to face a charge of embezzlement, and what you can do in order to protect your rights.
Criminal penalties
The potential criminal penalties for embezzlement depend on how much money is involved and other facts. Larger losses usually raise the felony level. A conviction can result in years of imprisonment and substantial fines. Courts often order restitution to repay the victim. A criminal record can affect work, loans and housing long after any sentence ends.
Professional consequences
There may be other consequences outside of the justice system following a criminal charge for embezzlement. A criminal charge may prompt a separate review by your licensing board. For Texas CPAs, the Texas State Board of Public Accountancy may investigate and impose sanctions, including suspension or loss of your license. Employers might place you on leave or end your employment. While a charge or arrest does not constitute a disciplinary violation under Board rules, clients and colleagues can lose trust even without a conviction.
What you can do now
Texas law provides a range of penalties depending on the circumstances of the offenses. If you face these allegations, act carefully. Steps that help include:
- Preserve all records, including ledgers, emails and backups
- Avoid deleting or altering any files or documents
- Keep a log of events and communications related to the matter
- Limit discussions about the case with colleagues at work
- Consider the potential impact of any statement before speaking with investigators or your employer
Taking these proactive steps can help you maintain control over your situation while the facts are sorted out.
Evidence and defenses
Not every bookkeeping error is a crime. Some cases stem from software mistakes, mixed authorizations or unclear policies. Defenses may focus on lack of criminal intent, employer consent or flaws in forensic accounting. The state’s evidence must show an intent to deprive the owner of their property, either permanently or for so extended a period that its major value or enjoyment is lost.
An embezzlement allegation feels overwhelming. Gathering facts, protecting records and managing communications can help you protect your career and rights. Understanding your options for a strong white collar criminal defense can provide clarity as you navigate the road ahead.