14 tips to recognizing embezzlement
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What is Embezzlement

Phoenix secretary Marion Crane (Janet Leigh), on the lam after stealing $40,000 from her employer in order to run away with her boyfriend, Sam Loomis (John Gavin), is overcome by exhaustion during a heavy rainstorm. Yes, this is the plot of the box office hit, Psycho.

This movie plot along with hundreds of other similar, real-life stories represent the practice of embezzlement. Embezzlement is best defined as a form of financial fraud that involves the withholding or conversion of goods and services for purposes of increasing personal assets.

There are multiple forms of embezzlement from “skimming” to under-reporting to financial schemes involving soliciting funds from clients/customers/friends, etc., for financial gain. 

Embezzling from place of employment

There are many different methods used by employees to steal from a company.  Often when you mention employee theft, the first thought is of a cashier pocketing some money from the cash register or a maintenance person stealing some items from around the office.  While this happens, there are many other ways that employees steal from the company. The most common types of employee theft are as follows:



Fraudulent Disbursements

Stealing Business Opportunities

Larceny is defined as the unlawful taking of personal property with intent to deprive the rightful owner of it permanently.  This is the type of theft that involves an employee outright stealing cash or property from the employer.  It is differentiated from embezzlement by the fact that embezzlement refers to theft by someone who is in a position of trust and legally allowed access to the cash or items they are stealing.  An example of the difference can be seen at a restaurant.  If a cook from the back were to walk by the cash register while it is open and swipes $5, if caught, he/she will be charged with larceny.  If however, the cashier at the same restaurant takes the same $5 from the register, he/she will be charged with embezzlement.  The difference is that the cashier was legally allowed access to the money by way of their position as a cashier while the cook had no legal access to the money under any circumstances.  Both of these types of theft are characterized by the fact that they occur after money has been received by the business which is different from the next form of employee theft, skimming.

Regardless of the classification of the offense, it is important that you seek the assistance of competent legal counsel to help you best understand your legal defense while identifying an outcome that best minimizes your risk. We here at the H Law group patiently await your call.

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