embezzlement

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embezzlement,

wrongful use, for one's own selfish ends, of the property of another when that property has been legally entrusted to one. Such an act was not larcenylarceny,
in law, the unlawful taking and carrying away of the property of another, with intent to deprive the owner of its use or to appropriate it to the use of the perpetrator or of someone else.
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 at common law because larceny was committed only when property was acquired by a "felonious taking," i.e., when the act was committed with respect to property that was at the time in the legal possession of the owner. Consequently, unfaithful servants, employees, agents, trustees, or guardians who misappropriated another's property could be sued only in the civil courts, on the grounds that although the defendant had legally come into possession of the property, he had breached his trust by wrongfully misappropriating it to his own use. To remedy this situation statutes were passed in England and the United States that either made embezzlement a distinct crime or enlarged the definition of larceny in such a way as to include all cases of misappropriation of property in the lawful possession of the wrongdoer. In most states of the United States embezzlement is a felonyfelony
, any grave crime, in contrast to a misdemeanor, that is so declared in statute or was so considered in common law. In early English law a felony was a heinous act that canceled the perpetrator's feudal rights and forfeited his lands and goods to the king, thus depriving
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. Under acts of Congress, stealing of letters by postmasters, clerks, and letter carriers is considered embezzlement.
References in periodicals archive ?
Assistant Immigration Inspector Sangay Norbu had embezzled Nu 0.
During the court hearing - which lasted few minutes - the defence lawyers and the defendants submitted their statements that no report had been received regarding the employee's indictment, nor was there any bank statement indicating the total amount embezzled from the bank and its recovery.
The contractor in Balochistan Minerals Department accompanied with other accused embezzled 6.
The Portuguese suspect was cited as admitting to prosecutors that she embezzled the money by using forged receipts.
They informed that in 2012, 43 cases were registered having embezzled amount of Rs.
He was cleared of the charges that he embezzled P10.
Federal government stated that the amount of over Rs 32 million were embezzled as compare to amount fixed in PC-1.
Justice Minister Ahmed Al-Zind has been campaigning for filling the reconciliation forms since October 2015, claiming it is the only way to retain Egypt's embezzled funds held abroad.
13, does not state how or why Hauptman allegedly embezzled $47,600 over three and a half years.
Sentencing Kidd yesterday, sheriff John McCormick said she was a "trusted employee" who embezzled cash "skilfully" and "repeatedly".
However, he confessed to the crime during questioning by prosecutors, but claimed he only embezzled BD100.
The court sentenced the accused at the first count to five years imprisonment and three times the embezzled amount (OMR881,979).