When an employee steals from his or her employer it is often referred to as embezzlement. In Texas there is no crime called “embezzlement”; instead, Texas law charges individuals with theft, fraud, or misapplication of fiduciary property. If your employer has accused you of any improper conduct in the workplace, you should retain legal counsel at the earliest possible time to make sure you understand your rights and protect your interests.
Fraud includes a number of different crimes. From using someone else’s identifying information, such as their driver's license or social security number, to forging a check, or using a credit card without permission. Depending on the nature of the crime and the value of the property involved o the punishment can include anything from probation to a lengthy prison sentence.
When a person is entrusted with someone else’s money or property they become a fiduciary. That means they owe a duty to the owner of the property to take care of it in a way that protects the property from loss. When a person who is caring for the property misuses or fails to care for the property that person may face criminal penalties. Depending on the value of the property that is lost or misused, the person could be charged with either a misdemeanor or a felony offense with punishment that could be as serious as life in prison.