Felony Embezzlement investigation for a $40,000+ loss was reduced on agreement and indicted as a lesser embezzlement charge for a lesser value of $1K. Penalty for reduced embezzlement charge was an agreement to time served and restitution only for the reduced amount. This was not a first offense, client had multiple prior Felony convictions.

§ 18.2-111. Embezzlement deemed larceny; indictment.
If any person wrongfully and fraudulently use, dispose of, conceal or embezzle any money, bill, note, check, order, draft, bond, receipt, bill of lading or any other personal property, tangible or intangible, which he shall have received for another or for his employer, principal or bailor, or by virtue of his office, trust, or employment, or which shall have been entrusted or delivered to him by another or by any court, corporation or company, he shall be guilty of embezzlement. Proof of embezzlement shall be sufficient to sustain the charge of larceny. Any person convicted hereunder shall be deemed guilty of larceny and may be indicted as for larceny and upon conviction shall be punished as provided in § 18.2-95 or § 18.2-96.

Penalty for Felony Embezzlement: Per VA Code § 18.2-95
… punishable by imprisonment in a state correctional facility for not less than one nor more than twenty years or, in the discretion of the jury or court trying the case without a jury, be confined in jail for a period not exceeding twelve months or fined not more than $2,500, either or both.

Read more about Embezzlement Law: Embezzlement in Virginia: Felony & Misdemeanor Charges, Penalties & Defenses.

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