Chicago, IL criminal defense attorney Gal Pissetzky discusses embezzlement.
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Embezzlement is a fancy word for theft. It’s a theft of assets from other individuals, but usually through a conspiracy of individuals that get together and come up with a scheme to steal assets from innocent victims. Embezzelment is usually prosecuted in federal court. You may not find too many counts that are called embezzlement. They may be called wire fraud, they may be charged in different ways. One of them is embezzlement. But it’s a fancy word for taking assets from innocent victims.