Crossword clues for embezzlement
The Collaborative International Dictionary
Embezzlement \Em*bez"zle*ment\, n. The fraudulent appropriation of property by a person to whom it has been intrusted; as, the embezzlement by a clerk of his employer's money; embezzlement of public funds by the public officer having them in charge.
Note: Larceny denotes a taking, by fraud or stealth, from another's possession; embezzlement denotes an appropriation, by fraud or stealth, of property already in the wrongdoer's possession. In England and in most of the United States embezzlement is made indictable by statute.
Douglas Harper's Etymology Dictionary
1540s, from embezzle + -ment. An earlier noun was embezzling (early 15c.).
Wiktionary
n. (context legal business English) The fraudulent conversion of property from a property owner.
WordNet
n. the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else [syn: peculation, defalcation, misapplication, misappropriation]
Wikipedia
Embezzlement is the act of withholding assets for the purpose of conversion ( theft) of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type of financial fraud, e.g. a lawyer might embezzle funds from the trust accounts of his or her clients; a financial advisor might embezzle the funds of investors; and a husband or a wife might embezzle funds from a bank account jointly held with the spouse.
Embezzlement usually is a premeditated crime performed methodically, with the embezzler taking precautions to conceal his or her activities of the criminal conversion of the property of another person, because the embezzlement is occurring without the knowledge or the consent of the affected person. Often it involves the trusted individual embezzling only a small proportion or fraction of the total of the funds or resources he/she receives or controls; in an attempt to minimize the risk of the detection of the misallocation of the funds or resources. When successful, embezzlements continue for years (or even decades) without detection. It is often only when a relatively large proportion of the funds are needed at one time; or they are called upon for another use; or, when a major institutional reorganization (the closing or moving of a plant or business office, or a merger/acquisition of a firm) requires the complete and independent accounting of all real and liquid assets; prior to, or concurrent with, the reorganization, that the victims realize the funds, savings, assets or other resources, are missing and that they have been duped by the embezzler.
In the U.S., embezzlement is a statutory offense that, depending on the circumstances, may be a crime under state law, federal law, or both; therefore, the definition of the crime of embezzlement varies according to the given statute. Typically, the criminal elements of embezzlement are: (i) the fraudulent (ii) conversion (iii) of the property (iv) of another person (v) by the person who has lawful possession of the property.
(i) Fraudulence: The requirement that the conversion be fraudulent requires that the embezzler wilfully, and without claim of right or mistake, converted the entrusted property to his or her own use.
(ii) Criminal conversion: Embezzlement is a crime against ownership; i.e. voiding the right of the owner to control the disposition and use of the property entrusted to the embezzler. The element of criminal conversion requires substantial interference with the property rights of the owner. (This is unlike larceny, wherein the slightest movement of the property, when accompanied by the intent to permanently deprive the owner of possession of the property is sufficient cause.)
(iii) Property: Embezzlement statutes do not limit the scope of the crime to conversions of personal property. Statutes generally include conversion of tangible personal property, intangible personal property and choses in action. Real property is not typically included.
(iv) of another: A person cannot embezzle his or her own property.
(v) Lawful possession: The critical element is that the embezzler must have been in lawful possession of the property at the time of the fraudulent conversion, and not merely have custody of the property. If the thief had lawful possession of the property, the crime is embezzlement. If the thief merely had custody, the crime is larceny.
Usage examples of "embezzlement".
But Folsom did not appear to be a man to jump out of the slow simmer of embezzlement, even supposing it could be proved, into the hot fire of murder.
The President and General Manager, the Vice-president and Assistant General Manager, the Manager of the Foreign Department, the Assistant Chief of the Note-Teller Department, the Manager of the Iloilo Branch, the Manager of the Aparri Branch, as well as various subordinates, had all been prosecuted and convicted of embezzlement and other criminal offences.
My own tenuous guesses would have included child-molesting, embezzlement, the defrauding of widows.
Major Theodore Dobbins, age forty-six, dishonorably discharged for embezzlement, served three terms for fraud in England, one for robbery in Australia.
When he called at your house, he was ignorant, as yet, of the extent of the embezzlements, and was in hopes of being able to hush up the affair.
It combines James Dean, Porfiro Rubirosa and a teen-age bank clerk with a foolproof embezzlement scheme.
Although sensevise technology had essentially eliminated a lot of prostitution outside of Downtown, that still left protection rackets, extortion, clean water theft, blackmail, kidnapping, data theft, game-rigging, civic-service fraud, power theft, embezzlement, and vehicle theft, among others.
Some of the engineers and foremen were getting rich—by various forms of embezzlement of government funds.
Like price fixing, tax evasion and embezzlement, psychedelic crimes seem to be a vice of the fatter classes.
Everything was photographed, but a glance at the private bank account revealed no evidence of embezzlement from the Winkler Bank—.
This person was at minimum aware of the tampering and the embezzlement, and very likely was more involved.
It's going to be a rough road tying him to corporate espionage, embezzlement, product tampering, much less murder.
He's involved in the product tampering, in the embezzlement, in every problem my family's had this year.
And then I told him what I'd learned, starting with the embezzlement and the relationship with Gavin, taking it right through to the quarrel the travel agent had heard.
Cam makes a joke about a politician who has recently been jailed for embezzlement, a man who has become a byword for untrustworthiness, and David makes a plea for forgiveness.