Bribery And The Effects On Victims And Society Essay

1525 Words Sep 18th, 2015 7 Pages
Embezzlement and the Effects on Victims and Society
For many years there have been thousands and thousands of individuals that have fallen victim to violent crimes. However, individuals are not always victim of violent crimes such as robberies, rapes, or kidnappings. In fact, individuals can become a victim of a non-violent crimes which many know as white-collar crimes. White-collar crimes was reportedly coined back in the year 1939 and is now used a wide range of frauds which are committed by business and government professionals (Federal Bureau of Investigation, n.d.). White-collar crimes additionally range from a variety of different types of crimes. White-collar crimes can be considered a very serious matters as one single scam can destroy a company, and ruin families simply by cleaning out their life savings and can even cost billions of dollars (Federal Bureau of Investigation, n.d.). Some of these fraudulent activities include identity theft, insurance fraud, money laundering, health care fraud, extortion, and embezzlement. To continue, this paper will primarily focus on how embezzlement can affect businesses, individuals and how it may impact society.
Embezzlement or embezzling can be defined as the stealing of money in which an individual have entrust another with. For example, misappropriating funds that a person have been trusted to an account for personal use (Ray, n.d.). Many may ask what the difference between embezzling and stealing is. Simply to put it…

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