Problem

Embezzlement

Nature:
The misappropriation, or fraudulent conversion, of property (often funds) by a person who already has it in his lawful possession. Unlike larceny, which is a crime against possession, embezzlement is a crime against ownership.
Incidence:
Notorious examples of embezzlers are Ferdinand and Imelda Marcos who are alleged to have siphoned more than $100 million from the Philippines.
Related Problems:
White-collar crime
Aggravates:
Business bankruptcy
Problem Type:
D: Detailed problems
Subject(s):
Currency
Date of last update
01.01.2000 – 00:00 CET