corporate embezzlement
Business fund pilfering
Corporate embezzlement is the theft of company funds by employees entrusted with managing them.
It typically involves accountants, executives, or financial officers diverting money through fraudulent bookkeeping, fake invoices, or unauthorized transfers: The CFO's corporate embezzlement went undetected for years.
Distinguished from general theft by the breach of fiduciary trust.
- internal auditIn-house compliance review
- fraudIntentional criminal trickery
- greedExcessive desire for wealth
- theftUnlawful taking of property
- misappropriationWrongful taking of entrusted assets
slush fund · offshore accounts · forensic accounting · paper trail · follow the money · cooked books · rationalization · cooking the books · creative accounting · white-collar crime · governance · board of directors · money laundering · prosecution · opportunity · whistleblowing · financial crime · risk management
corporate embezzlementfiduciary duty
Obligation to act loyally
financial integrity · ethical business practices · corporate transparency · fiscal responsibility · financial accountability
corporate embezzlementarmed robbery
Theft with weapon threat
burglary · mugging · bank heist · carjacking · home invasion
corporate embezzlementcharitable giving
Donating to help others
corporate donation · restitution · profit sharing · reinvestment · shareholder dividends
corporate, corporation, corporations, corporately, corporatism, corporatist, corporeal, incorporate, incorporated