What is embezzlement?

Embezzlement is a type of white collar crime that involves the illegal taking of property or funds by an individual or entity entrusted with the responsibility of managing and protecting the assets. In Kansas, embezzlement is a felony offense with penalties that vary according to the severity of the crime. Embezzlement occurs when a perpetrator misappropriates or fraudulently converts or applies property or money that was entrusted to their care with the intent to deprive the rightful owner of the use of their funds. This type of theft can take place in businesses, nonprofit organizations, government, and even personal relationships. To be charged with embezzlement in Kansas, the perpetrator must possess the intent to deprive and/or defraud the owner of the property and must also be in a fiduciary relationship with the owner of the property or money at the time of the misappropriation. In Kansas, the punishment for embezzlement is based on the value of the property or money taken and can range from misdemeanors to felonies. The severity of the sentence will depend on the value of the property stolen and the use of the stolen funds. In addition, if the perpetrator is convicted, they may be required to pay restitution to the rightful owner or the original legal owner of the property or money.

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What is embezzlement?

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