Wrongful abstraction is an unauthorized and illegal withdrawing of funds or an appropriation of someone else's funds for the taker's own benefit. It may be a crime under the laws of a state. It is different from EMBEZZLEMENT, which is a crime committed only if the taker had a lawful right to possession of the money when it was first taken.
Please include a link to this page if you have found this material useful for research or writing a related article. Content on this website is from high-quality, licensed material originally published in print form. You can always be sure you're reading unbiased, factual, and accurate information.
Highlight the text below, right-click, and select “copy”. Paste the link into your website, email, or any other HTML document.
User Comments Add a comment…