Embezzled definitions
| Word backwards | delzzebme |
|---|---|
| Part of speech | The word "embezzled" is a verb. |
| Syllabic division | em-bez-zled |
| Plural | The plural form of "embezzled" is "embezzlements." |
| Total letters | 9 |
| Vogais (1) | e |
| Consonants (5) | m,b,z,l,d |
Embezzlement is a serious crime that involves the theft or misappropriation of funds by someone who is entrusted to manage those funds. This type of white-collar crime occurs in various settings, such as businesses, nonprofits, or government organizations, where an individual has access to financial resources.
One of the most common ways in which embezzlement occurs is through the manipulation of accounting records or the misuse of company credit cards. The embezzler often takes advantage of their position of trust within an organization to siphon off funds for personal gain.
Factors
Several factors can contribute to the likelihood of embezzlement taking place, including a lack of oversight, poor internal controls, and a culture that does not prioritize honesty and ethical behavior. In some cases, employees may feel pressure to commit embezzlement due to financial difficulties or other personal motivations.
Consequences
The consequences of embezzlement can be severe, both for the individual involved and for the organization. In addition to facing criminal charges and potential imprisonment, embezzlers may also be required to pay restitution to the victims of their crimes. Moreover, the reputational damage caused by embezzlement can have long-lasting effects on a company's bottom line and public image.
Prevention
Preventing embezzlement requires a combination of strong internal controls, regular audits, and a culture of transparency and accountability within an organization. By creating checks and balances that limit opportunities for fraud and encouraging open communication about ethical standards, companies can reduce the risk of falling victim to embezzlement.
Embezzled Examples
- The CEO embezzled company funds for personal gain.
- He was caught embezzling money from his employer.
- The treasurer was found guilty of embezzling donations meant for charity.
- She embezzled funds from the non-profit organization she worked for.
- The accountant embezzled money from multiple clients over several years.
- He embezzled funds from his elderly mother's bank account.
- The banker embezzled money from the accounts of unsuspecting customers.
- She was arrested for embezzling merchandise from the store where she worked.
- The government official embezzled public funds for personal use.
- The employee embezzled office supplies from the company supply closet.