The Difference Between Larceny and Embezzlement

Posted By Tomeo Sills, LLC || 22-Sep-2017

What Is Larceny?

Larceny is another term for theft. According to Chapter 952, Sec. 53a-119, of the General Statutes of Connecticut, “A person commits larceny when, with intent to deprive another of property or to appropriate the same to himself or a third person, he wrongfully takes, obtains or withholds such property from an owner.” Theft of services, extortion, defrauding, and shoplifting are a few common subcategories of larceny.

Larceny is all about intent. Whether or not an individual is guilty of larceny is determined by his or her intent to take someone else’s property during the property’s window of usefulness. Someone who finds lost property or finds themselves in accidental possession of another’s property with no intent to trick, defraud, or remove the property from its owner is not necessarily guilty of larceny.

What Is Embezzlement?

Embezzlement is all about an intentional breach of trust and is considered a “white collar crime.” It is categorized by the unique relationship between the perpetrator and the affected property owner and occurs when an individual wrongfully appropriates (either to themselves or a third party) property that has been placed in their care by the owner. In order for an instance of theft to be considered embezzlement, a fiduciary relationship must have existed between the one embezzling and the individual whose property has been embezzled. That is to say that embezzlement only occurs when property has been stolen or misappropriated by someone who has been given the responsibility to manage it on the property owner’s behalf and is aware that the property is not their own.

What’s the Difference?

The key distinction between larceny and embezzlement is that larceny could be committed by anyone, while embezzlement is typically committed by an individual with whom the property owner has hada fiduciary relationship based on the expectation of the ethical management of the property in question.

What If My Co-Worker Is Embezzling Money?

If you suspect a colleague of embezzlement or fraud, call us right away at (844) 913-7747!

What If I’ve Been Accused of Embezzlement or Larceny?

At Tomeo Sills, LLC, we have the skill and experience to help you successfully navigate your theft crime matter. If you need representation or legal counsel in a case of larceny, embezzlement, or other theft, schedule a complimentary consultation with us today.

Categories: White Collar Crimes
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