4 ms·
I realize you're talking in practical terms. I read about embezzlement because I was curious.[0] > Embezzlement is using company funds for your own personal ga
by caminante 4y ago
I realize you're talking in practical terms. I read about embezzlement because I was curious.[0]
> Embezzlement is using company funds for your own personal gain.
AFAIK, the criteria for embezzlement is much broader than "personal gain." You have to take possession (rightfully), but do something with it (unrightfully).
I can see an argument that the scenario of an employee taking its money from SVB and putting in another bank IS embezzlement if this is done without the CFO/officer's consent. In practical terms, you're probably fine as long as you're trying to act in best interests. [1]
[0] https://en.wikipedia.org/wiki/Embezzlement https://en.wikipedia.org/wiki/Embezzlement
[1] https://en.wikipedia.org/wiki/Conversion_(law) https://en.wikipedia.org/wiki/Conversion_(law)