TheMidwestMonger
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Simple English definitions for legal terms
imbezzle
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A quick definition of imbezzle:
Term: Embezzlement
Definition: Embezzlement is when someone takes something that doesn't belong to them, but they were trusted to take care of it. This is usually done by someone who has a job or position of trust, like a bank teller or a company accountant. It's against the law and can result in serious consequences, like going to jail. Embezzlement is different from stealing because the person had legal access to the property before taking it.
A more thorough explanation:
Definition: To embezzle means to fraudulently take personal property that has been entrusted to someone, especially as a fiduciary. Embezzlement is not the same as larceny or false pretenses because the criminal intent arises after taking possession of the property.
Examples: If a bank teller takes money from a customer's account and uses it for personal expenses, that is embezzlement. Another example is if a company's accountant takes money from the company's accounts and uses it for personal gain.
Explanation: In both examples, the individuals had lawful possession of the property (money) but fraudulently converted it for their own use. This is a breach of trust and a criminal offense. Embezzlement is a serious crime that can result in fines and imprisonment.