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Showing posts with label Embezzlement. Show all posts
Showing posts with label Embezzlement. Show all posts

Tuesday, October 28, 2014

What is Embezzlement?

Theft is a serious criminal offense anywhere in the world. Although a common driver for theft is extreme poverty, compounded by a great personal need, cases exist when people who are otherwise able to provide for themselves commit the crime anyway despite their favorable position. Such cases give rise to so-called white-collar crimes, included among which is the crime of embezzlement.

Embezzlement is a type of property theft. While simple theft on its own may already be seen as a serious crime, embezzlement is even more so because it involves a breach of trust.