Embezzlement Definition

Embezzlement is the unlawful appropriation of property by a person to whom it has been entrusted. Embezzlement typically occurs in the workplace, where an employee steals company funds or property. It can also occur in other situations, such as when a person steals money from a friend or family member.

The crime of embezzlement is defined by state laws, which vary slightly. Generally, embezzlement is punishable by fines and/or imprisonment.