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Embezzlement

A form of theft in which an individual takes possession of money or assets of another.

There are two types of embezzlement that lead to punishment as stipulated by the law:

1. The embezzler takes possession over the property/assets of another individual.

2. The embezzler takes possession over monetary assets, such as bank accounts. For instance, a bank teller, who has access to people's bank accounts, uses access to take money out of their accounts.

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