Larceny

1 Posts
1 Sections
1 Types

Definitions

Embezzlement Fraud Larceny Property Crime White-Collar Crime Financial Crime Law Money Handling

Embezzlement is the fraudulent appropriation, for one's own use, of property lawfully in one's possession. It is a type of larceny often associated with bank employees, public officials, or officers of organizations, who in the course of their lawful activities, come into possession of property, such as money, actually owned by others.