We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Yes, potential defenses can include proving lack of intent, misunderstanding the company’s policies, or showing that the funds were not embezzled but loaned or transferred with permission.
If you suspect embezzlement, it’s important to report it to the authorities immediately to investigate the matter.
Intent is key; if someone accidentally mishandles funds, it’s usually not considered embezzlement—there has to be clear intent to steal.
To prove embezzlement, it must be shown that the person had access to the funds and that they took them with the intent to permanently deprive the institution of those assets.
If found guilty, a person could face hefty fines and even prison time, depending on the amount stolen and the circumstances.
Any officer or employee of a lending, credit, or insurance institution can be charged if they misuse or misappropriate funds for their own benefit.