Embezzlement is the fraudulent misappropriation of funds or property. It is a serious crime that can have devastating consequences for businesses and individuals alike. According to the Association of Certified Fraud Examiners (ACFE), embezzlement is the second most common type of occupational fraud, after asset misappropriation. In 2020, the ACFE reported that the median loss due to embezzlement was $125,000.
There are many different ways to embezzle funds, but some of the most common methods include:
