Embezzlement
Term · Law · MLC-T-LAW-001837
The fraudulent appropriation of property by a person to whom it has been entrusted. This crime involves the conversion of assets that were lawfully obtained but then unlawfully retained or used for personal gain. Unlike larceny, which involves taking property without permission, embezzlement occurs when the perpetrator initially has legal possession of the property.
| Identifier | MLC-T-LAW-001837 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-001837",
"term": "Embezzlement",
"field": "Law",
"definition": "The fraudulent appropriation of property by a person to whom it has been entrusted. This crime involves the conversion of assets that were lawfully obtained but then unlawfully retained or used for personal gain. Unlike larceny, which involves taking property without permission, embezzlement occurs when the perpetrator initially has legal possession of the property.",
"url": "https://mlchart.com/terminology/law/embezzlement/"
}
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