is defined as the unlawful taking or misuse of property by persons, typically employees, who lawfully come into possession of the property and therefore do not meet the theft or larceny requirement of wrongfully obtaining the property.

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16-12-2022
Business

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is defined as the unlawful taking or misuse of property by persons, typically employees, who lawfully come into possession of the property and therefore do not meet the theft or larceny requirement of wrongfully obtaining the property.

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ayfat23 ayfat23 · Answer 1 · 2022-12-22T11:30:40+01:00

Embezzlement is defined as the unlawful taking or misuse of property by persons, typically employees, who lawfully come into possession of the property and therefore do not meet the theft or larceny requirement of wrongfully obtaining the property.

What is Embezzlement ?

One or more people who were given assets to hold onto or utilize for certain purposes withhold them with the intent to convert them, which is considered the crime of embezzlement.

It should be noted that For instance, a lawyer may steal money from a client's trust account, a financial advisor could steal money from investors, and a husband or wife could steal money from a joint bank account.

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