noun the act of dishonestly appropriating or secreting assets by one or more individuals to whom such assets have been entrusted
Embezzlement is a criminal offense that involves the theft or misappropriation of funds or property by someone in a position of trust, such as an employee or a public official.
In the finance industry, embezzlement refers to the illegal transfer of funds by a person entrusted with managing those funds, such as a financial advisor or accountant.
Embezzlement can occur in a business setting when an employee steals money or assets from their employer for personal gain.
Embezzlement is a serious issue in government organizations, where public officials may misuse public funds for their own benefit.
Embezzlement can also occur in nonprofit organizations, where individuals may divert funds meant for charitable purposes for personal use.
Embezzlement may be used as a plot point in a novel or screenplay, involving a character who embezzles money from their workplace.
Embezzlement is a serious concern for accountants, as they may need to detect and prevent fraudulent activity within a company's finances.
Lawyers may represent clients who have been accused of embezzlement, or they may provide legal advice to companies on how to prevent embezzlement.
Financial analysts may analyze data to detect signs of embezzlement or other financial crimes within a company.
Human resources managers may be responsible for investigating allegations of embezzlement by employees and taking appropriate disciplinary actions.
Law enforcement officers may investigate cases of embezzlement and work to gather evidence for prosecution.
Business owners may need to implement safeguards to prevent embezzlement within their company and take swift action if embezzlement is discovered.