CLEP Business Law

Category - US Legal System

Rita Jones was the comptroller of the City of Dixon for 20 years. In her free time, Rita enjoyed the very expensive hobby of breeding champion horses. It was eventually discovered how Rita was able to fund her hobby. $53 million dollars had been misappropriated from the City of Dixon over a period of 15 years. Rita was arrested and charged. What crime was she accused of committing?
  1. Robbery
  2. Embezzlement
  3. Burglary
  4. Horse stealing
  5. Petit larceny
Explanation
Answer: B. Rita was accused of the crime of embezzlement. Embezzlement occurs when a person wrongfully takes funds that were entrusted to him or her and uses the funds for unintended purposes. Embezzlement typically occurs when an employee misappropriates funds from an employer. Embezzlement is a type of theft. Robbery, burglary, and larceny are also terms for different types of theft.
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