Former Placentia Finance Services Manager Michael Nguyen is facing additional charges related to a $5.2 million embezzlement indictment against him. Nguyen was arrested in April and charged with 17 felony counts of misappropriation of public funds. The new charges add 19 more counts of misappropriation of public funds, as well as 66 counts of money-laundering, a single bad check charge and two counts of falsifying records. If convicted on all charges, Nguyen faces a total of 97 years in prison and a fine of more than $10 million. He is being held on a bond of $4.3 million.
Hire an experienced Los Angeles embezzlement attorney
Trust means something in California, and when an employer or other individual places a person in a position of trust and that trust is subsequently violated, the law in California can be unkind. This is why you need to work with an experienced Los Angeles embezzlement attorney like Robert Helfend.
Embezzlement is a form of theft, involving the unauthorized transfer of at least $950. It can be charged as “grand theft” or “petty theft.” Aside from the value of the money or property taken, the prosecutor also has to prove that the accused person was placed into a position of trust and that the accused intended to deprive the victim of the property or money that was taken.
When you’re charged with embezzlement, you can face either a felony or a misdemeanor charge. A misdemeanor conviction can put you in the county jail for a year and require you pay a fine of $1,000. A felony conviction could put you in the county jail for 16 months, or the state prison for two or three years, and require you to pay a fine of $10,000.
The penalties for a petty theft embezzlement conviction are less serious and involve short maximum jail sentences and fines of up to $1,000. If the amount you’re accused of embezzling is very small (less than $50), you may be cited for an infraction, which would result in no jail time and a fine of $250.
Sometimes, embezzlement occurs as the result of a number of small thefts that by themselves are not monetarily significant, but added together could result in a loss in excess of $950. Over the course of a year, if a series of thefts add up to more than $950 in losses, a person could be charged with grand theft.
In extreme cases, where the amount involved exceeds $65,000, or the victim was a vulnerable person, such as an elderly or disabled person, the prosecutor could seek aggravated grand theft embezzlement charges, which would put a convicted person at risk of additional prison time.
No matter what your circumstances are, if you’re facing an embezzlement charge, you need the assistance of an experienced embezzlement attorney like Robert Helfend. Mr. Helfend has practiced criminal defense exclusively in Southern California for more than 30 years, and can help you navigate the complex California legal system.
Contact Robert Helfend or call toll-free at (800) 834-6434, (310) 456-3317, (818) 591-2809 or (805) 273-5611 for an immediate consultation on your Los Angeles County embezzlement case.
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