12 CFR 1805.808 – Criminal provisions
Current as of: 2024 | Check for updates
|
Other versions
The criminal provisions of 18 U.S.C. § 657 regarding embezzlement or misappropriation of funds are applicable to all Recipients and Insiders.
Terms Used In 12 CFR 1805.808
- Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC