Larceny is illegally taking and carrying away of personal property belonging to another with the purpose of depriving the owner of its possession. Larceny is divided into grand and petit larceny depending upon the value of the property stolen.
To embezzle means to take another’s money and property through abuse of an official job or position of trust. Embezzlement can take many forms. An accountant might use sophisticated methods to falsify records and skim profits, while a bank teller might walk home with an extra 20 dollars from his or her drawer.
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