Embezzlement refers to misappropriation of property by one to whom the property, usually liquid assets, is entrusted.

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Embezzlement is indeed the act of withholding assets for the purpose of conversion (theft) of such assets, by one or more individuals to whom these assets were entrusted, either to be held or to be used for specific purposes. The person doing this is usually someone who was given the authority to manage or monitor someone else's money or property, such as an employee or agent.

Embezzlement Refers to Misappropriation of Property by One to Whom