Although embezzlement and fraud also carry criminal charges, the party who is defrauded and lost assets or property can also bring a civil case against the party who perpetrated the fraud or embezzlement. This is the primary path to recovery of the financial damages.

Unfortunately, there are many ways that people embezzle. Two of the most common occurrences of embezzlement include employees defrauding their employers, and trustees or others embezzling from a trust. Employees may “borrow” money from the register, deposit
business checks into a personal bank account, take home company supplies and inventory for
personal use, change the accounting, timecard fraud, and so on.

Trustees may abuse their position of responsibility by personally using the money from a child’s or vulnerable adult’s Social Security check, keeping trust property or selling it and keeping the proceeds for themselves, adjusting the accounting to hide misuse of the assets, or unauthorized “borrowing” from the bank account.

If you or someone you love has been the victim of fraud or embezzlement, you know how devastating this can be. A personal loss can bankrupt and destroy your financial situation, and a business loss can force you to close your doors. If this has happened to you, call Bainum Law, and let us help you recover damages to relieve the financial burden on your business or household.