Embezzlement is a big word that can get lost in its long-winded definition. Perhaps the best way to illustrate what is considered embezzlement is through an example. And WILX in Lansing, Mich., recently provided one.
In Jackson County, Mich., former attorney Richard McQuillan was charged with embezzlement after it was discovered that he misappropriated almost $1 million from the estate of a deceased man for his own use.
As administrator of the estate, McQuillan had legal access to the money. He committed the crime of embezzlement when he diverted money and property for his own use.
To take an example from another case mentioned in the story, one embezzler wired money from a trust to a casino. Other times the embezzler might simply transfer bonds or stocks to his own name.
As executors of these wills, the attorneys had the legal power to transfer property. They committed a crime when they transferred it to themselves and not the intended groups.
Many experts feel these types of white collar crime will only increase as the economy worsens. If you have been charged with such a crime, or think you may have committed one, contact a criminal defense attorney right away.