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new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], For example, a lawyer might embezzle funds from the trust accounts of their 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.[2]. He was expelled immediately. Conversion requires that the secretion interfere with the property, rather than just relocate it. She is authorized to handle petty cash expenses incurred by the employees and business operations. Internal controls such as separation of duties are common defences against embezzlement. In Moore v. United States, 160 U.S. 268, 269 (1895), the Supreme Court defined embezzlement in the following terms: Embezzlement is the fraudulent appropriation of property by a person to whom such property has been entrusted, or into whose hands it has lawfully come. In some states, the information on this website may be considered a lawyer referral service. Yet another method is to create phantom employees, who are then paid with payroll checks. If you face embezzlement charges, consult a criminal defense attorney as soon as possible. Taking the money or property for the defendant's own gain is stealing. Library, Bankruptcy .ai-viewport-2 { display: inherit !important;} The defendant must have acted with intent to take or permanently deprive the legal owner of their money or property. Embezzlement is an example of white collar crime. Law, About var links=w.document.getElementsByTagName("link");for(var i=0;i