Explain the concept embezzlement?

Question: Explain the concept embezzlement?

Embezzlement is the act of dishonestly withholding or misappropriating funds or property that has been entrusted to one's care, often for personal gain. This typically involves an individual in a position of trust, such as an employee or executive, who takes advantage of their access to funds or property for their own benefit, without authorization or consent. Embezzlement is a form of financial fraud and is illegal in most jurisdictions. It can lead to severe consequences, including fines, imprisonment, and damage to reputation and trust.

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