Misapplication Of Entrusted Property And Property Of Government Or Financial Institution

Penalties For Misapplication Of Entrusted Property And Property Of Government Or Financial Institution (N.J.S.A. 2C:21-15)

Unlawfully disposing of property as a fiduciary can put you in serious jeopardy under Misapplication of Entrusted Property and Property of Government or Financial Institution (N.J.S.A. 2C:21-15).

New Jersey law categorizes the conduct as a theft crime, and grades the punishment according to the value of the benefit derived by the actor.

Where the benefit is less than $1,000, you’ll be charged at the fourth degree level and face up to 18 months in prison and a $10,000 fine.

When you derive a benefit less than $75,000, prosecutors will charge you with a third degree crime, and you’ll risk three to five years behind bars and a $15,000 fine.

Finally, when the value of the benefit is more than $75,000, you can go to prison for five to ten years and face $150,000 in fines.

You’ll also face restitution costs, regardless of the amount of the benefit.

Theft and fraud charges can and do destroy lives and careers.

If you’ve been charged for misconduct in a fiduciary role, call Matthew Reisig today at 732-625-9661 for a free consultation.

Criminal Lawyer For Misapplication Of Entrusted Property And Property Of Government Or Financial Institution (N.J.S.A. 2C:21-15)

Those who maintain fiduciary relationships on behalf of corporations, and who take unnecessary risks with client money or property, or with money or property that is held for the benefit of the government or a financial institution, are breaking the law in New Jersey.

Under N.J.S.A. 2C:21-15, Misapplication of Entrusted Property and Property of Government or Financial Institution, you can be charged with a crime for this conduct, and potentially face years in prison if convicted.

Your charges will be graded according to the amount lost, or the benefit derived for you.

If the amount is less than $1,000, you’ll face charges at the fourth degree level, and risk 18 months in jail and a $10,000 fine.

If the amount is less than $75,000, you’ll be charged at the third degree level and face 3-5 years in prison and a $15,000 fine.

If the amount is more than $75,000, your second degree charges could result in 5-10 years in prison and $150,000 fine.

You’ll also be subject to restitution payments, and a criminal record as a result of the conviction.

Don’t risk your future when facing charges of improper disposition of money or property.

If you need help with Misapplication Of Entrusted Property And Property Of Government Or Financial Institution charges, call Matthew Reisig today at 732-625-9661 and talk to an experienced New Jersey criminal defense attorney for free.