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.
Problem Type: D: Detailed problems
Date of last update 01.01.2000 – 00:00 CET