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):
Commerce Currency
Date of last update
03.06.2019 – 22:31 CEST