White-Collar Crime

Embezzlement
Embezzlement is the fraudulent appropriation, for one's own use, of property lawfully in one's possession. It is a type of larceny often associated with bank employees, public officials, or officers of organizations, who in the course of their lawful activities, come into possession of property, such as money, actually owned by others.
White-Collar Crime
White-collar crime encompasses a variety of non-violent offenses committed by businesspersons, confidence men, and public officials, characterized by deceit and misrepresentation. Examples include consumer fraud, bribery, and stock manipulation.

Accounting Terms Lexicon

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