What is embezzling?

Pressing is a criminal act of a person who theft of the property entrusted. Most often it happens with money, shares and bonds. In order to be legally considered embezzlement, several different factors must be present, including the deliberate theft of property and in the position of trust. Some people have successfully stolen for years without being caught, but mostly it is not. Sanctions for this crime differ according to jurisdiction and how much it was accepted.

tangible and intangible properties can be embezzled. The tangible type includes things such as paintings, office supplies, pieces of equipment and jewelry; While the intangible type includes financial tools such as stocks, bonds and money. In order to be legally considered an embezzlement, there must be a person who theft, in the position of trust with someone else's things. This means that, unlike burglary, the offense does not occur. In addition to the trust requirement, a person who has a property must require his ownership.

Examples

There are many different types of embezzlement, both in terms of private and corporate financing. The father can embezzlement from his daughter by taking money from the trust he has established for her to supervise, or he could do the charity director by taking donated funds for his private use. Employees will also steal in this way by putting money into a cash outlet when they should or create an imaginary invoice and then take the money used to pay it. Likewise, the manager could create an imaginary employee and then take his salary he owes him. Another common type of embezzlement is slightly under the reception of reception and maintaining the difference.

Alert tags

people and companies can avoid the victims of the scheme of embezzlement by performing and common audits. They can also look for warning signals as if an employee had a sudden leap at his standard of living without a special income whoNik would explain this or see an inexplicable decline in society's profits. Other features include financial records that have become disorganized or accounts and documents disappeared inexplicably.

TRRESTRY

In most jurisdictions, embezzlement is punished by gentle and possibly a prison. Depending on the above property, the convicted offender will either receive an offense or a crime from his criminal record. In one famous decision in 2009, Bernie Madoff, a former broker, received 150 years in prison for obtaining up to $ 65 billion from investors. In addition to sanctions for theft, embezzlement may also be penalized for not including stolen items or funds for their tax returns. In the US, the Internal Revenue Service (IRS) allows those who return their funds to deduct taxes, but if they Thnezahrins them to their tax return to start, they are responsible for tax evasion.