Media Screener Taxonomy
- Concept ID (Qcode)
- trg:010010004
- URI
- https://graph-dev.thomsonreuters.com/fact_type/risk/corporate_crime/embezzlement
- Created
- 2020-03-24T12:00:00
- Modified
- 2020-03-24T12:00:00
- Retired
- Name
- Embezzlement(Theft or misappropriation of funds)
- Definition
- To embezzle is to use a position of trust / authority to unlawfully obtain money, property or goods. The difference between straight theft and embezzlement is that the crime is not against an individual but against an organisation of some sort. Also the perpetrators might go to considerable lengths to obscure the money loss via processes such as dummy invoicing and false accounting.
- Broader
- trg:010010000
- Related
- trg:010060001