If someone takes out a loan and doesn't pay, can they be charged with embezzlement?
Question Details:
My friend was just charged with this and I though you could only be charged with embezzlement if you steal. I understand the loan wasn't paid but I thought embezzlement ment stealing from the company you work for.
Criminal Defense Law Answers
If someone takes out a loan for a particular item and never made any payments under the loan, then there is the possibility that you can be subject to a legal action for fraud or embezzlement. If this happens to be your situation, I suggest that you consult with a criminal defense attorney as to the best way to defend the charges against you.
In a nutshell, embezzlement is the taking of money from someone known to the accused through false pretenses and/or through clandestine methods.
Obtaining a loan and not making any payments under it could very well fall within the criminal definition of embezzlement concerning the statute you are charged with violating.
Related Criminal Defense Questions
Didn't find your answer? Ask.
Top Ranking Attorneys
- Kevin Bessant432 Answers|Points 5850Gold Contributor
- Madan Ahluwalia104 Answers|Points 1900Silver Contributor
- Kenneth Berger33 Answers|Points 1630Bronze Contributor
- Harun Kazmi60 Answers|Points 840Bronze Contributor
- Hong Shen528 Answers|Points 800Platinum Contributor
- Jason Ostendorf12 Answers|Points 600Bronze Contributor
- Hong Shen528 Answers|Points 26400Platinum Contributor
- Kevin Bessant432 Answers|Points 21580Gold Contributor
- Steven Fromm113 Answers|Points 5430Silver Contributor
- Madan Ahluwalia104 Answers|Points 5170Silver Contributor
- Kelly Broadbent93 Answers|Points 4600Silver Contributor
- Glenn M. Lyon, Esq.93 Answers|Points 4530Silver Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here