LEARN MORE...

Analyzing Business Crimes Solution

Content type

User Generated

Subject

Business Law

Course

LEG 500

Type

Homework

Uploaded By

zvpunrynerara984

Pages

Showing Page:

1/4

Running Head: ANALYZING BUSINESS CRIMES 1

Analyzing Business Crimes: Embezzlement

Student’s Name

University Affiliation

Showing Page:

2/4

ANALYZING BUSINESS CRIMES 2

Introduction

Embezzlement is a business crime that occurs when an individual knowingly withholds

or uses cash or assets of a company or business for purposes that it was not intended for (Bartz,

Strock & Harris, n.d). It is also known as financial fraud or larceny and is usually committed by

a company employee who has been placed in charge of the finances of the business or an

individual who has some responsibility as far as the assets of a business are concerned.

Example of embezzlement cases

In February 2011, Christa Utt was charged in court for embezzling over $5,000 in the

organization she worked for. She was Edmond, Oklahoma, Girl Scout from where she embezzled

the funds (Gish, 2017). She did embezzle funds after selling cookies and also from the donation

that was made after one of the troop members lost the mother. The case proved to be part of an

unending chain of Girl Scout embezzlement cases which was widely followed in the United

States at the beginning of the 21st century. In 2009, Janet who was a California-based Girl-Scout

bookkeeper embezzled $13,000 daily from the organization. Also, Laura Towery who came from

North Carolina was involved in embezzlement of close to $8,000 from local Girl Scouts in the

year 2007.

Why the cases are embezzlement cases

Often embezzlement occurs when the perpetrator uses the cash or asset of a company or

organization without obtaining consent for their gain. Usually, and as happened in the cases

highlighted above, the perpetrator takes some small amounts over some time so that the

administrators are prevented from noticing, or they may even take a large some from one of the

accounts of the organization. In other instances, the perpetrator may use fake receipts so that they

Showing Page:

3/4

End of Preview - Want to read all 4 pages?

Access Now

Unformatted Attachment Preview

Running Head: ANALYZING BUSINESS CRIMES Analyzing Business Crimes: Embezzlement Student’s Name University Affiliation 1 ANALYZING BUSINESS CRIMES 2 Introduction Embezzlement is a business crime that occurs when an individual knowingly withholds or uses cash or assets of a company or business for purposes that it was not intended for (Bartz, Strock & Harris, n.d). It is also known as financial fraud or larceny and is usually committed by a company employee who has been placed in charge of the finances of the business or an individual who has some responsibility as far as the assets of a business are concerned. Example of embezzlement cases In February 2011, Christa Utt was charged in court for embezzling over $5,000 in the organization she worked for. She was Edmond, Oklahoma, Girl Scout from where she embezzled the funds (Gish, 2017). She did embezzle funds after selling cookies and also from the donation that was made after one of the troop members lost the mother. The case proved to be part of an unending chain of Girl Scout embezzlement cases which was widely followed in the United States at the beginning of the 21st century. In 2009, Janet who was a California-based Gir ...
Purchase document to see full attachment

Tags: LAW ETHICS AND CORPORATE GOVERNANCE