Embezzlement and Larceny

Embezzlement and larceny are both forms of theft, but they differ in context. Embezzlement occurs when someone in a position of trust, like an employee, misappropriates funds or assets for personal use, often using their access to finances. Larceny, on the other hand, involves physically stealing someone else’s property without permission, regardless of a relationship of trust. In bankruptcy cases, both crimes can complicate legal proceedings and may lead to severe legal consequences for those attempting to hide or misuse assets.