Knowra Embezzlement Embezzlement Embezzlement is the fraudulent appropriation of property entrusted to someone, typically by converting it for personal use. Unlike ordinary theft, it begins with lawful possession or access.
Fiduciary duty : A legal obligation to act loyally and carefully for another party in matters of trust. The entrusted relationship often creates duties that the person violates by diverting property.
Larceny : The trespassory taking and carrying away of another's personal property with intent to permanently deprive its owner. Larceny typically starts with an unauthorized taking, whereas embezzlement starts with entrusted possession.
Employee theft : The unauthorized taking or misuse of an employer's money, goods, or other assets by a worker. Embezzlement is a common form of employee theft when the worker has entrusted access.
Criminal law : The body of law that defines offenses, establishes procedures, and prescribes punishments. Embezzlement is prosecuted as a crime, with charges and penalties depending on jurisdiction.
Conversion (law) : An intentional exercise of control over another person's property that seriously interferes with their rights. Embezzlement commonly involves converting property to a use the owner did not authorize.
False pretenses : A crime of obtaining another person's property through a knowingly false representation of a past or present fact. False pretenses obtains property through deception before transfer, rather than diverting property already entrusted.
Public corruption : Abuse of public office for private gain or other improper advantage. Public officials can embezzle public funds as one form of corruption.
Sentencing : The judicial process of imposing a penalty on a person convicted of an offense. Loss amount, position of trust, and other circumstances can affect an embezzlement sentence.
Fraud : Intentional deception or concealment used to secure an unlawful or unfair gain. Embezzlement is a form of fraud centered on misusing property already entrusted to the perpetrator.
Forgery : The fraudulent making or alteration of a document or other instrument with intent that it be accepted as genuine. Forged records can conceal embezzlement, but falsifying a document is a distinct offense.
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