California Embezzlement Essay

2) Frank A. Tassone; the former business manager, Pamela Gluckin; and an accounting clerk, Debra Rigano, who is a niece of Ms. Gluckin embezzled money in a scheme in which Dr. Tassone and Ms. Gluckin and nine of their family members and friends charged $5.9 million for personal items and cash advances on 74 personal credit cards. Then Ms. Gluckin and Dr. Tassone used district checks to pay those bills. The audit found that Dr. Tassone and

Embezzlement is an act withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes. Embezzlement is a type of financial fraud. a lawyer might embezzle funds from the trust accounts of his or her clients; a financial advisor might embezzle the funds of investors; and a husband or a wife might embezzle funds from a bank account jointly held with the spouse.

James Guisti, a trusted 14-year employee and the manager of an office of Greater Providence Deposit & Trust (GPD&T) was caught embezzling after his superior received an anonymous tip. James was abusing his power in the bank and taking advantage of his loan signing limit to write small loans for several unknowing or fake individuals. All of the loans were between $10,000 and $63,500 and were 90-day notes that did not require any type of collateral to secure them. James was then instructing other trusting employees of the bank to cosign the checks and cash the loan funds. Due to inefficiencies in bank policy, and the fact that the loans were small, the audit team was unable to detect the fraud. Also, in order to avoid being caught for unpaid loans, when the loans would mature James would take out new loans to pay off the old loans.

Financial abuse – the misuse of a person’s funds and assets, or obtaining property and funds without the persons full consent and can involved theft of

In this kind of crime, there is also a term “embezzlement”, which means the fraudulent appropriation by one person, acting in a fiduciary capacity, of the money or property of another (Bus Law text book, p.

Financial abuse is the illegal or unauthorised use of a person’s property, money, pension book or other valuables.

In my white collar crime example, I am an employee. I’ve been working at this company for fourteen years. My coworker and I are responsible for handling the checks. My boss put me in charge for depositing money in the bank. The checks that I am supposed to deposit, I usually keep it for myself. I’ve deposited money on time sometimes to make things not look suspicious. My motivation for pocketing the money is because I don’t get enough money. I am a single mother with four children and I need money to support my kids and making sure that they have everything that they need. There are some nights when I don’t eat because I don’t have the money to buy anything for myself. This is the one of the easiest

Mary Jane an employee of ABC Manufacturing Inc embezzled more than $400,000 in more than 6 years by check tampering and expense disbursement. Mary Jane has committed an occupational fraud as she as an employee has misused her position for her own enrichment by intentional misappropriation. Mary Jane had gone into credit card fraud, financial statement fraud, and money laundering. Mary Jane altered and cashed checks for thousands of dollars higher than identical check number copies and information recorded in company cash reimbursements files. Mary Jane used a company credit card to pay personal expenses. Other personal expenses were paid with the company credit card including cable TV bills of more than $200 per month. She altered the credit card statements to exclude her personal expenses and made general ledger entries to asset accounts and prepaid items to further conceal the transactions and close the books.

Financial abuse - is, for example, illegal or unauthorized use of a person’s property, money,

Employee theft is a big deal and can cost companies thousands of dollars. The most commonly known act of employee theft is the physical transaction of money. However, this can occur in many ways; most commonly is lying about how much money was earned. Employee theft is a serious matter and should not be taken lightly.

A civil conspiracy, also known as collusion, is an arrangement between two or more parties to deprive a third party of legal rights or deceive a third party to obtain an illegal objective. It is not necessary that all the conspirators be involved in each stage of planning or know about all the details. Forgery is the process of making, adapting, statistics, or imitating objects, or documents with the intent to deceive a seller or the publics opinion. In the case of a bad check, the laws and punishments very widely state by state. Embezzlement is defined in most states as theft and/or larceny of assets by a person in a position of trust or responsibility over those assets. Embezzlement usually occurs in the employment and corporate settings.

Employee theft is a crime that is costing U.S. companies a great deal of money. Employee thefts are growing in number, partially because the perpetrators really do not see themselves as criminals and rationalize what they are doing in much the same way as taxpayers rationalize income tax fraud. Employee theft is one of many personnel problems that is easier to prevent than to solve. Prevention should begin before an applicant becomes an employee. Some theft

Embezzlement occurs when the company’s property are misappropriated by the employee whom the property is entrusted. In simple terms, this is the act of the employees stealing property from their own company.

In the industry of finance, one could be put in a position that enables them to embezzle, whether this in an accounting position, a financial advisor, or even a bank teller. In each of these positions, one could be put in the dilemma of considering embezzling, otherwise known as stealing. To most people stealing is a clear unethical thing to do, but it could depend upon which ethical approach one subscribes.

In chapter 9 of Criminal Law Today, the author describes the crimes of embezzlement and explains the main differences between larceny and embezzlement. This chapter identifies the types of property that were subject to the common law crime of larceny. In addition, the author describes the differences between embezzlement and false pretenses, and the differences between robbery and extortion.