Under Georgia law, a person commits theft by conversion (or embezzlement) when, having lawfully obtained funds or property of another under an agreement or other legal obligation to apply the funds or property in a particular manner, he knowingly coverts such funds or property in a manner inconsistent with the agreement or obligation.
As with many theft crimes, the determination of whether a person is charged with felony or misdemeanor theft by conversion is based on the value of the item in question. Where the converted property is worth less than $500.00, a person may be charged with a misdemeanor. In the event that the property is worth more than $500.00, a person may be charged with a felony.
When an individual is charged with theft by conversion, it can be an incredibly stressful experience. The charge of theft by conversion is serious and often involves complex legal work. It is imperative to discuss your theft by conversion charge with an attorney who can explain your legal options, defenses, and rights. If you would like to have a consultation with one of our criminal defense attorneys regarding a theft by conversion charge or any other criminal concern, please call our office at (770) 461-2025.