Embezzlement as a Crime 101: The Big Legal, Economic, and Social Implications
Embezzlement as a Crime: Legal, Economic, and Social Perspectives Embezzlement is a financial crime that involves the fraudulent appropriation of funds or property entrusted to an individual, typically within a professional or fiduciary context. Unlike theft, where the perpetrator takes assets unlawfully from another party, embezzlement occurs when a person lawfully possesses money or property but misuses it for personal gain. This crime is particularly significant in corporate, governmental, and non-profit sectors, as it undermines Read more