Chicago, IL criminal defense attorney Gal Pissetzky discusses embezzlement. In the realm of white-collar crime, embezzlement, in the third person, is described as a sophisticated form of theft. It involves the misappropriation of assets belonging to others, often orchestrated through a collaboration of individuals who devise a scheme to pilfer resources from unsuspecting victims. Embezzlement cases are typically prosecuted in federal court, though charges may not explicitly be labeled as embezzlement. Instead, they might take the form of charges such as wire fraud. Essentially, embezzlement is a nuanced term encapsulating the act of unlawfully taking assets from innocent victims.