| According to the latest Columbia Encyclopedia, embezzlement is the wrongful use of an individual’s property for one’s own selfish needs. In other words, the property of one individual which is legally entrusted to another individual who uses it for his or her own selfish needs dishonestly or illegally is More...
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Deterrent Measures For White Collar Crimes
White collar crimes include a variety of non-violent crimes committed in commercial institutions and situations for financial gains. The term white collar crime was originally stated by Edwin Sutherland in a speech to the American Sociological Society. He defined this term as crime committed by a respectable individual in a non-violent way for financial gains.
White collar crimes include credit card fraud, bankruptcy fraud, all types of insurance frauds, internet fraud, and government frauds related to false claims act, forgery and theft or embezzlement. It also includes espionage in business in the form of bribery, counterfeiting, money laundering, hacking internet, perjury and bribery. More...
Employee Theft And Prosecution And Overview
When an employee steals or misuses any assets of an employer without permission it is considered as employee theft. Every year, billions of dollars are lost or stolen from businesses or organizations because of employee theft.
Research shows that employee theft and dishonesty costs US businesses over $50 billion every year. About 75 percent of all employees steal assets from their employers at least once as per the national estimates.More...
Intellectual Property Theft By Employee
Every company or organization invests millions in research and development to improve existing technology or create a new technology. Confidential information on technological knowledge, if leaked or sold to the rival organization, can easily result in huge losses for the company. It is certain that the technological knowledge is leaked stolen by dishonest employees and then sold to a rival company for monetary gains. Such a business related criminal activity is termed as intellectual property theft.
Intellectual property theft by an employee not only results in huge losses to the company but also helps the competitor to reap larger profits. There are many reasons for data theft. One reason can be careless management attitude. This is due to poor policy creation, communication and poor processes. Due to bad or careless management practices, most workers admit to theft of customer databases, business contacts, confidential documents and sales leads. More...
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Embezzlement Trends - Fire Employee For Theft 
Employee theft is a serious issue in a business concern. Business and organizations suffer over $50 billion every year due to employee theft. According to national estimates, 75 percent of all employees steal, use or misuse assets from their employers at least once a year. As per the survey conducted by CareerBuilder, more employees in the IT, healthcare, and manufacturing industries admitted to theft at the office than employees in the retail, hospitality and sales. 
