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Definition of 'Embezzlement'
A form of white-collar crime where a person misappropriates the assets entrusted to him or her. In this type of fraud the assets are attained lawfully and the embezzler has the right to possess them, but the assets are then used for unintended purposes. Embezzlement is a breach of the fiduciary responsibilities placed upon a person.
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Investopedia explains 'Embezzlement'
The nature of embezzlement can be both small and large. Embezzling funds can be as minor as a store clerk pocketing a few bucks from a cash register; however, on a grander scale, embezzlement also occurs when the executives of large companies falsely expense millions of dollars, transferring the funds into personal accounts. Depending on the scale of the crime, embezzlement may be punishable by large fines and time in jail.
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Search results for 'Embezzlement'
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http://www.investopedia.com/articles/financial-theory/09/risk-management-business.asp
... Protecting against embezzlement, theft and fraud may be difficult, but
these are crimes which occur frequently in the workplace. ...
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http://www.investopedia.com/articles/financial-careers/08/forensic-accounting-career.asp
... The criminal activity uncovered may include fraud, embezzlement, money laundering,
the concealment of debt, the concealment of assets or other fraudulent ...
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http://www.investopedia.com/exam-guide/series-26/supervisory-systems/finra-conduct-rules.asp
... Larceny and Embezzlement Section 37 of the Investment Company Act of 1940 states
that anyone who steals, unlawfully abstracts, unlawfully and willingly ...
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http://www.investopedia.com/articles/tax/09/deducting-property-damage.asp
... This may be extended to disasters occurring before January 1, 2011. Theft or vandalism,
including burglaries, extortion, embezzlement, robbery and swindling. ...
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http://www.investopedia.com/articles/stocks/09/criminals-of-wall-street.asp
... After an audit discovered the crime, he was charged with two counts of
embezzlement and sentenced to five to 10 years in prison. ...
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http://www.investopedia.com/articles/tax/08/accounting-taxes.asp
... protect against fraud, embezzlement, and other activities that cost a company
money. One of the biggest changes on the horizon of ...
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http://www.investopedia.com/articles/optioninvestor/06/Options4Advantages.asp
... It seems that the company's CEO has been lying about the earnings reports for
quite some time now, and there are also rumors of embezzlement. ...
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