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 ?
5, the SJC vacated the bank embezzlement charges and ordered that Ms.
A 41-year-old Indian woman appeared in court and denied the charge of aiding and abetting him in the embezzlement.
Parliament second vice-chairman Shaikh Adel Al Maawada said that there were prisoners in jail who took peanuts from embezzlement and bribes, while others who stole millions were enjoying their time outside jail.
HYDERABAD, July 14 -- Anti-corruption department presented DCO Tando Allahyar Farooq Leghari, brother of chairman HEC Javed Leghari, in the court and obtained his 4-day judicial remand on the charges of corruption and embezzlement here on Tuesday.
Policies and Procedures to Prevent Fraud and Embezzlement: Guidance, Internal Controls, and Investigation By Edward J.
Caton, without admitting to any allegations, consented to the issuance of the order based on his alleged participation in violations of law and breaches of fiduciary duty to the bank and its customers in connection with embezzlement of funds and falsification of the bank's books and records.
Stolen property; buying, receiving, possessing--Buying, receiving, possessing, selling, concealing, or transporting any property with the knowledge that it has been unlawfully taken, as by burglary, embezzlement, fraud, larceny, robbery, etc.
Albert told Ruth about the embezzlement in January 1984, when he was fired after the embezzlement was discovered.
Police arrested a branch manager of an agricultural cooperative in Aichi Prefecture early Thursday on an embezzlement charge after he allegedly faked a robbery at the branch, police officials said.
In a recent appellate case, the court ruled that, for purposes of embezzlement charges, an employee of a contract armored car service is classified as a federal employee.
DERA GHAZI KHAN -- Circle officer of the anti-corruption police station has registered a case against four officers of the Dera Ghazi Khan Municipal Corporation (MC) for not providing relevant record regarding their alleged embezzlement in the MC.
by Times News Service Oman's Public Prosecution has announced that it has moved an alleged case of embezzlement by government officials to trial.