![]() Often it involves the trusted individual embezzling only a small proportion of the total of the funds or resources they receive or control, in an attempt to minimize the risk of the detection of the misallocation of the funds or resources. The term "embezzlement" is often used in informal speech to mean theft of money, usually from an organization or company such as an employer.Įmbezzlement is usually a premeditated crime, performed methodically, with precautions that conceal the criminal conversion of the property, which occurs without the knowledge or consent of the affected person. ![]() For example, a lawyer might embezzle funds from the trust accounts of their clients a financial advisor might embezzle the funds of investors and a husband or a wife might embezzle funds from a bank account jointly held with the spouse. Embezzlement is a type of financial fraud.
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