What is embezzlement?

Embezzlement is a type of white-collar crime that occurs in California. It involves the theft, concealment, or misappropriation of funds or property by an individual, such as an employee, entrusted with its care. This type of financial fraud typically includes concealing or diverting assets or funds for one’s own personal gain. In California, embezzlement is a crime that is punishable by fines and/or imprisonment. For instance, an employee of a company in California could be charged with embezzlement if they are found to be stealing from their employer by taking money or property, charging nonexistent expenses to the company, or manipulating accounts in a way to conceal stolen funds. Under California law, the severity of the charge depends on the amount of money or property stolen. For example, if the amount is greater than $65,000, it is considered grand theft, which is a felony. In addition to jail time or probation, embezzlement can also have serious economic consequences. For instance, someone convicted of embezzlement may have difficulty finding employment in their field, and may have to pay restitution back to the victim. In some cases, an embezzlement charge can also impact someone’s professional license or security clearance. Therefore, it is important that individuals who are entrusted with financial responsibilities remain vigilant to avoid any potential criminal or civil penalties associated with embezzlement.

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What is embezzlement?

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