Fraud & Embezzlement

Understanding Fraud & Embezzlement in the State of New Mexico

fraud embezzlingFraud and embezzlement are two similar, yet distinct, crimes that relate to money. Fraud, as defined by the New Mexico Statutes, “consists of the intentional misappropriation or taking of anything of value that belongs to another by means of fraudulent conduct, practices or representations.” Embezzlement, on the other hand, refers to a person using anything of value, with which they have been entrusted, with “fraudulent intent to deprive the owner thereof.” Both crimes can range from petty misdemeanors to second-degree felonies, depending on the amount taken or embezzled.

If you’re in the New Mexico area and you require legal assistance, the W. Shane Jennings Law Firm can help.

What is Fraud and What Are the Penalties?

Fraud relates to the intentional misappropriation or taking of anything of value that belongs to another entity. As such, the punishments for fraud differ depending on the amount or the value of the property that has been taken or misappropriated. If the value is worth $250 or less, the fraud will be categorized as a petty misdemeanor. If the value is over $500 but no more than $2,500, then it will be a fourth-degree felony. Once the value exceeds $20,000, it will be seen as a second-degree felony.

Facing Embezzlement Charges in New Mexico

Embezzlement charges follow a structure similar to fraud. Depending on the amount embezzled, the punishment will differ and it can range from a petty misdemeanor to second-degree felony. A $250 or less crime is considered a petty misdemeanor while embezzled property valued at $20,000 or more will be considered a second-degree felony.

How The Law Office of W. Shane Jennings Can Help

Fraud and embezzlement charges are serious and should be dealt with accordingly. Whether the charge is $200 or $25,000, you deserve strong representation in court. There are many ways to fight fraud and embezzlement charges. Depending on your particular situation, attorney W. Shane Jennings will work tirelessly in order to find the best course of action.

Speak To An Experienced Lawyer, Today!

The W. Shane Jennings Law Firm is devoted to the people of New Mexico. If you’re facing fraud and embezzlement charges, we can help. Attorney W. Shane Jennings has vast experience in the New Mexico court system so you can place your trust in his hands. No one is more meticulous or as detailed as W. Shane Jennings. Don’t let fraud and embezzlement charges drag you down, get the help you deserve. Contact the W. Shane Jennings Law Firm today.