I've known multiple privately held companies that have quietly settled incidents where amounts between 250,000 and 1,000,000 were embezzled because the fallout from having that in the public record would have been much more expensive.
So yea, it's one of those perverse situations. If you steal $1 from the company they will hammer you with the law, but if you steal a million suddenly the decision tree on what to do is far more complex.
If someone broke into my house but then claimed they didn’t mean to when they saw I was home, I’m not sure I’d take them at their word.