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.
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References in periodicals archive ?
She also admitted embezzling PS4,661.02 in the course of her role as treasurer, secretary and convener of the Glasgow Regional Association of the SNP between April 9 2014 and August 10 2015.
Zulqarnain Majeed is accused of embezzling Rs27.8 million in the subsidy provided in the Chambers Sugar Mill.
"[Cline] had replaced another former bookkeeper for the company who pleaded guilty to charges last year after embezzling at least $150,000 from the company between January 2016 and January 2018," Vicinanzo added in the release.
District Court for the Northern District of Oklahoma in Tulsa for embezzling more than $40,000 from the community's general fund account between December 2014 and February 2018.
of Trumann, a family-owned manufacturing company in Poinsett County, accused Cooper of embezzling the money over a decade in a civil suit filed in Craighead County Circuit Court.
NAB spokesman said an absconder Mohammad Ashraf was involved in embezzling millions of rupees.
PESHAWAR -- An accountability court here on Wednesday convicted a postal clerk and sentenced him to four years rigorous imprisonment with a fine of Rs6.45 million for embezzling a huge sum of money meant for pensioners in Khyber Agency.
The Anti-Corruption Establishment (ACE) has registered a case against district officers (buildings) for embezzling the government funds by using the substandard material in the construction of the Govt Primary School Nangwal building.
The former chief financial officer of Market Finders Insurance Corporation has pleaded guilty in federal district court to embezzling nearly $2,000,000 over a two year period, and tax evasion.
The Dubai Court of First Instance convicted the Portuguese defendant of embezzling and forging tens of receipts that she used to swindle her workplace and pocket the money for herself.
Summary: The State Security arrested a man suspected of embezzling money from the High Relief Committee, a judicial source told The Daily Star Friday.
Dubai: A woman supervisor has been accused of swindling and embezzling Dh375,000 from her workplace by using forged receipts of Dewa, schooling and housing that she personally tampered with.