Cambridge Encyclopedia » Cambridge Encyclopedia Vol. 23

embezzlement

theft offence

The dishonest taking or fraudulent use of money or other property entrusted to an employee (or agent) by his or her employer (or principal). It is a form of theft, the separate offence of embezzlement having been abolished in England and Wales by the Theft Act (1968). Many US penal codes, likewise, subsume this offence under theft. However, in Scottish law it is distinguished from both theft and fraud.

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