What is an example of theft by conversion?

A common example of theft by conversion is when a person obtains possession of a car through a car rental agreement. If instead of returning the car the person keeps the car for themselves, or sells it in an unauthorized manner for profit, they might face charges for theft by conversion.

What is the definition of theft by conversion?

That is theft by conversion. Broadly speaking, theft by conversion is when a person receives permission to use personal property or funds and then takes control of this property in a way that violates the initial agreement. The unauthorized act which deprives the initial owner of that property, asset, or money.

How much jail time do you get for conversion?

Felony Theft by Conversion is punishable up to 10 years in prison. It is possible that you could be sentenced to that amount of time, however, it is highly unlikely. Everything depends on the facts of your case and any defenses or strategies that…

Is conversion worse than theft?

Its equivalents in criminal law include larceny or theft and criminal conversion. In those jurisdictions that recognise it, criminal conversion is a lesser crime than theft/larceny.

When does a person commit theft by conversion?

(a) A person commits the offense of theft by conversion when, having lawfully obtained funds or other property of another including, but not limited to, leased or rented personal property, under an agreement or other known legal obligation to make a specified application of such funds or a specified disposition of such property,…

What is the crime of theft by conversion in Georgia?

This must happen under an agreement to apply of dispose of the funds in a specific manner. Theft by conversion is a crime under Georgia law. The crime is punishable as either a misdemeanor or a felony, depending upon the value of the funds or property converted. The crime carries penalties that include fines and potential jail time.

How is theft by conversion different from larceny?

Broadly speaking, theft by conversion is when a person receives permission to use personal property or funds and then takes control of this property in a way that violates the initial agreement. This definition offers a unique twist to typical theft or larceny charges, as the defendant didn’t take the property or asset illegally.

What are the defenses to theft by conversion?

Defenses to conversion may include the consent or approval of the property owner; abandonment of property by the owner; inability to identify the property; or others such as a failure to file a lawsuit in the proper time period (statute of limitations issue).