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In criminal law, misappropriation is the intentional, illegal use of the property or funds of another person for one's own use or other unauthorized purpose, particularly by a public official, a trustee of a trust, an executor or administrator of a deceased person's estate or by any person with a responsibility to care for and protect another's assets (a fiduciary duty).
Financial mismanagement is management that, deliberately or not, is handled in a way that can be characterized as "wrong, bad, careless, inefficient or incompetent" and that will reflect negatively upon the financial standing of a business or individual. [1]
Employees with excessive financial obligations, or those with substance abuse or gambling problems may steal to meet their personal needs. [ 9 ] Opportunities: Although the financial statements of all companies are potentially subject to manipulation, the risk is greater for companies in industries where significant judgments and accounting ...
An investment fund tied to consulting giant McKinsey has settled allegations it didn't have adequate policies to prevent misuse of inside info, says the SEC.
The post Rep. Cori Bush under investigation over alleged misuse of campaign funds appeared first on TheGrio. Since being elected to the House in 2021, Bush, a Black woman with activist roots, has ...
The Justice Department is investigating Democratic Rep. Cori Bush of Missouri for misuse of funds, a senior congressional source with knowledge and a source familiar with the probe told CNN, after ...
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.
In recent weeks, the alleged misuse of money from the Jus ... Polish prosecutors target former deputy minister in misuse of funds probe. June 19, 2024 at 3:56 AM. WARSAW (Reuters) - Poland's top ...