What is embezzlement?

Embezzlement is a white collar crime in Virginia that involves the theft of money or assets from someone who has been entrusted with its safekeeping. It is a crime of fraud, because it involves deception and the intent to deprive someone of their money or assets. It is considered a serious offense in Virginia and is punishable by fines and/or imprisonment. Embezzlement relies on the trust of the person who has been entrusted with the money or property for it to work. A person who is trusted to manage the money or property of another can abuse that trust by taking the money or property for personal use. They can do this without the knowledge of the owner or without asking permission. The most common forms of embezzlement include workers or employees stealing from their employers, people in positions of authority taking money or assets from their position, and people who are trusted to manage investments taking money or assets without permission. Embezzlement is a criminal offense in Virginia and can lead to serious penalties if convicted. If a person is convicted, they may face jail time, steep fines, and be required to reimburse the owner of the money or property. In some cases, they may lose their job or be barred from certain jobs and professional licenses.

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What is embezzlement?

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