The very mention of embezzlement causes a certain amount of panic for white-collar workers who handle money for a living. Anyone in a position of financial control can face an embezzlement charge, wrongful or otherwise, and it could dramatically affect your career going forward.
Stealing or withholding company assets for the sake of personal gain are acts of embezzlement. If you are facing a possible embezzlement conviction, or if you think embezzlement might be occurring in your company, you should know the possible implications that such a conviction can have on your professional future.
Employers might not trust you with money
If you have a history in accounting or any other specialty involving the handling of money, you might struggle to find employment in your field of choice. Embezzlement is a felony that will appear on any employer’s background check. It goes without saying that companies take their finances very seriously and will not risk hiring someone with a past conviction of theft.
You might lose your professional license
Embezzlement also serves as sufficient grounds for any licensing body to revoke your professional license. For example, if you have your registration through the Missouri Division of Professional Registration, that entity could deem you unfit to work in your field as a result of your criminal conviction. If you are a doctor, lawyer, or work in any other profession that requires a license to practice, be aware of the possible consequence of revocation.
Embezzlement is a crime that can affect an entire company and many of its employees. Conviction of such a serious crime can put an immediate halt to your career, especially if you specialize in overseeing finances.