Embezzler Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Embezzler, written in plain English, along with examples of how it is used.
What is Embezzler?
n. a person who commits the crime of embezzlement by fraudulently taking funds or property of an employer or trust.
History and Definition of Embezzler
An embezzler is someone who illegally takes funds or property that they have been entrusted with. Embezzlement typically occurs in a workplace or company where an employee has been given authority over finances or assets. The term "embezzlement" comes from the French word "embesiller," meaning to put something in a safe place or custody.
An embezzler can face significant legal penalties, including fines, prison time, and restitution. The severity of the punishment typically depends on the value of the assets stolen and the circumstances surrounding the crime. Embezzlers may also face civil lawsuits from the company or individual from whom they have stolen.
Examples of Embezzler
Sally worked at a small accounting firm and was responsible for managing the company's accounts. Over a period of three years, Sally embezzled over $500,000 from the company's funds for personal use.
John was the financial advisor for an elderly couple and had been given control over their investments. He embezzled $50,000 from their accounts and used the money to pay off personal debts.
A non-profit organization entrusted its treasurer with the management of its funds. The treasurer took advantage of this position to embezzle over $100,000 from the organization over several years.
Legal Terms Similar to Embezzler
Fraud: This refers to intentionally deceiving someone for personal gain, such as by making false representations, suppressing the truth or stealing property.
Larceny: This term refers to theft, specifically the wrongful taking of property with the intent of depriving the rightful owner of it permanently.
Misappropriation: This term refers to the improper use of funds or assets entrusted to someone's care. It can include embezzlement as well as other forms of financial abuse, such as theft or diversion of funds.