Fraud and Highest Embezzlement Case
Embezzlement: Attempting to Find the Easy Way Out
Name
School
Envy and greed has existed since the beginning of time. Maybe we are born with those traits or maybe we are taught through life’s lessons. The rich are perceived as having a carefree un-stress-filled life. The reality shows and news stories of the wealthy buying yachts, taking lavish vacations with their Barbie doll mate, summer homes that are actually castles and extravagant parties. The rest of the world seems to be the servants of the wealthy. How can society not be envious or greedy to obtain what the few have in their life?
Part of society is happy with their position in life; just being able to pay the bills, and take care of their family is what drives them. However, the other part of society wonder, “How have some individuals been gifted with monetary wealth?”, and their resentment builds. The “Get Rich” schemes are created. The individuals trying to make the quick buck will pressure their friends and family into buying the Mary Kay, Tupperware, or lending money to place bets on Sport games or a gambling weekend at the casino. All this under the assumption that they will make a great deal of money, and earn the respect of the wealthy elite. The most well know form of money schemes is embezzlement.
An understanding definition of embezzlement comes from Global Legal Resources; it states:
Embezzlement is a criminal offense which involves the fraudulent and secret misappropriation of money or assets by an agent to who the property has been entrusted. This occurs when a person obtains possession of the goods or money in legal, proper manner, but then appropriates them for his/her use without the rightful owner’s permission.
Six (6) cases of embezzlement stand out in Modern day History. The first case is about Yasuyoshi Kato in 1997 who managed to steal $132 million from Day-Lee Foods, Inc. of Santa Fe Springs, California.
At the time, Yasuyoshi was the Chief
Name
School
Envy and greed has existed since the beginning of time. Maybe we are born with those traits or maybe we are taught through life’s lessons. The rich are perceived as having a carefree un-stress-filled life. The reality shows and news stories of the wealthy buying yachts, taking lavish vacations with their Barbie doll mate, summer homes that are actually castles and extravagant parties. The rest of the world seems to be the servants of the wealthy. How can society not be envious or greedy to obtain what the few have in their life?
Part of society is happy with their position in life; just being able to pay the bills, and take care of their family is what drives them. However, the other part of society wonder, “How have some individuals been gifted with monetary wealth?”, and their resentment builds. The “Get Rich” schemes are created. The individuals trying to make the quick buck will pressure their friends and family into buying the Mary Kay, Tupperware, or lending money to place bets on Sport games or a gambling weekend at the casino. All this under the assumption that they will make a great deal of money, and earn the respect of the wealthy elite. The most well know form of money schemes is embezzlement.
An understanding definition of embezzlement comes from Global Legal Resources; it states:
Embezzlement is a criminal offense which involves the fraudulent and secret misappropriation of money or assets by an agent to who the property has been entrusted. This occurs when a person obtains possession of the goods or money in legal, proper manner, but then appropriates them for his/her use without the rightful owner’s permission.
Six (6) cases of embezzlement stand out in Modern day History. The first case is about Yasuyoshi Kato in 1997 who managed to steal $132 million from Day-Lee Foods, Inc. of Santa Fe Springs, California.
At the time, Yasuyoshi was the Chief
References: Country. (n.d.). Embezzlement Law. Lawyers, Attorneys, Law Firms – Find Legal Information. Retrieved April 20, 2012, from http://www.hg.org/embezzlement.html Embezzlement Cases. (n.d.). Defending your rights in the criminal justice system. Retrieved April 20, 2012, from http://www.defending.com/embezzlement-cases Marquet, C. (n.d.). The Top 10 Embezzlement Cases in Modern US History. Marquet International. Retrieved April 20, 2012, from www.marquetinternational.com/pdf/top_10_embezzlement_cases_in_us_history.pdf US Code - Chapter 31: Embezzlement and theft. (n.d.). US Code. Retrieved April 20, 2012, from http://codes.lp.findlaw.com/uscode/18/I/31