Legal Definitions - imbezzle

Definition: To embezzle means to fraudulently take personal property that has been entrusted to someone, especially as a fiduciary. Embezzlement is not the same as larceny or false pretenses because the criminal intent arises after taking possession of the property.

Examples: If a bank teller takes money from a customer's account and uses it for personal expenses, that is embezzlement. Another example is if a company's accountant takes money from the company's accounts and uses it for personal gain.

Explanation: In both examples, the individuals had lawful possession of the property (money) but fraudulently converted it for their own use. This is a breach of trust and a criminal offense. Embezzlement is a serious crime that can result in fines and imprisonment.