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 ?
Embezzlers do not pick and choose when it comes to their targets -- businesses of all sizes and industries are at risk.
Be alert for duplicate payables--checks are already signed but the manager asks for another one to be signed, which gets altered later for the embezzler's gain.
When you look at the life a bank embezzler is living and check out his wealth, it is quite obvious that important part of assets were taken abroad," Cicek said.
BAGHDAD - A prime suspected embezzler of 12.500 billion Iraqi dinars, a female civil servant at the Baghdad Mayoralty's salaries department of the name Zeina, was arrested in Beirut's Hariri Airport on Friday, according to the Baghdad mayor, Saber al-Issawi, on Saturday.
Upon accepting the post and taking up residence in the small Ohio town, Mark revisits the fateful night of the murder, raising doubts about his friend's guilt, as well as other issues, including the identity of the embezzler.
Karadzik, a convicted fraudster and embezzler, was arrested last year and charged with war crimes over his part in the Siege of Sarajevo (10,000 dead or missing, 1992/6) and the Srebrenica Massacre (8,000 dead, 1995).
Otherwise, the company may unknowingly weaken a civil lawsuit or criminal prosecution with its knee-jerk response to the embezzler.
Walker have a bishop hire a convicted embezzler as his financial controller?
The latest disciplinary action follows executive pay cuts the bank announced in March for lending to an embezzler.
A thousand oak leaves fall on the embezzler's grave.
Chilean wife of Japanese embezzler released from custody
Although cast as Marion Crane, the sexy embezzler, Leigh still looks like the sort of girl who could roll pastry for momma's apple-pie.