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embezzlement legal definition of embezzlement autos post : Embezzlement is distinguished from swindling in that swindling involves wrongfully obtaining property by a false pretense, such as a lie or trick, at the time the property is transferred, which induces the victim to transfer to the wrongdoer title to the property. Nature. There was no crime of embezzlement under the Common Law.In the United States, embezzlement is a statutory offence 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.Theft. A criminal act in which property belonging to another is taken without that person's consent. The term theft is sometimes used synonymously with Larceny. Theft, however, is actually a broader term, encompassing many forms of deceitful taking of property, including swindling, Embezzlement, and False Pretenses.Some states categorize all these offenses under a single statutory crime of theft.Embezzlement Law and Legal Definition Embezzlement is the fraudulent appropriation of money by someone entrusted with it's care on behalf of others, but who uses it for his/her own purposes. Embezzlement typically occurs in the employment and corporate settings.Definition of Embezzlement. Noun. The theft, misappropriation, or conversion of monies placed in one’s trust, or which belong to an employer. Verb: Embezzle Purposefully stealing, withholding, or using monies and/or assets that have been entrusted to an employee by an employer or organizationDefinition. Fraudulent taking of personal property by someone to whom it was entrusted. Most often associated with the misappropriation of money. Embezzlement can occur regardless of whether the defendant keeps the personal property or transfers it to a third party.. OverviewDefinition of EMBEZZLEMENT: The fraudulent appropriation to his own use or benefit of property or money in trusted to him by another, by a clerk, agent, trustee, public officer, or The Law Dictionary Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed.Saint Lawrence Seaway Development Corporation. Application of general penal statutes relating to larceny, embezzlement, or conversion of public moneys or property of the United States, to moneys and property of Saint Lawrence Seaway Development Corporation, see section 990 of Title 33, Navigation and Navigable Waters.Theft definition is - the act of stealing; specifically : the felonious taking and removing of personal property with intent to deprive the rightful owner of it. How to use theft in a sentence.England and Wales. In England and Wales, theft is a statutory offence, created by section 1(1) of the Theft Act 1968.This offence replaces the former offences of larceny, embezzlement and fraudulent conversion.. The marginal note to section 1 of the Theft Act 1968 describes it as a "basic definition" of theft.
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