In New Jersey, embezzlement is a serious accusation that can badly damage a person's reputation. An accused embezzler may find it hard to earn the trust of potential employers even though a case has been settled. A conviction could also result in thousands of dollars in fines and a long prison sentence.
A 55-year-old part-time accountant for Princeton University's Triangle Club surrendered to police after allegedly embezzling over $100,000 from the musical-comedy group since 2010. According to authorities, he wrote checks to himself from the club and at one point, used a troupe check to pay his credit card debt. He now faces a second-degree theft charge.
The defendant was released on his own recognizance and his attorney stated that he maintains his innocence. A prominent and respected part of the university's theater community, Esquire magazine recently named him employee of the month. He has worked as accountant for the group for 20 years.
Nevertheless, according to reports, the Triangle Club has fired him while the Princeton campus theater company, his full-time employer as general manager, has suspended him. If convicted, the accountant may spend up to 10 years in prison.
Time is of the essence when facing white collar crime allegations like these. A defendant must be resilient because contesting accusations and substantial evidence can be tough. Anyone accused of embezzlement or similar white collar crimes may therefore wish to consult a legal professional, not only to maintain his or her innocence, but also to help protect a professional reputation which may be at stake regardless of the outcome.
Source: Courier-Post, "Princeton Club Accountant Accused of Embezzlement," Dec. 3, 2013