Question

The fraudulent conversion of property which is already in the defendant's possession is a group of answer choices. What is it called?

1) Exclusion
2) Money laundering
3) Trespassory taking
4) Embezzlement

Answer 1

Embezzlement is the fraudulent conversion of property already in the defendant's possession. It is a type of corporate crime where an individual misappropriates or converts someone else's property or funds for their own use.

Step-by-step explanation:

The fraudulent conversion of property which is already in the defendant's possession is called embezzlement. Embezzlement is a type of corporate crime where an individual entrusted with someone else's property or funds misappropriates or converts it for their own use. This is different from other crimes like larceny, assault, or burglary, which involve taking someone else's property without authorization or by force.