Furenya was employed as the manager of a state controlled betting parlor, the Of
ID: 419643 • Letter: F
Question
Furenya was employed as the manager of a state controlled betting parlor, the Off Track Betting Corporation. One of her responsibilities was to deposit the daily receipts of money in a local bank. Since she was heavily in debt, Furenya devised a way to take $300 from each deposit to pay her personal creditors. She continued this practice for over a year until the state auditors made a surprise check of the betting parlor's accounting records. When a shortage was discovered and traced to Furenya, she was arrested. With what crime could she be charged?Explanation / Answer
Furneya used the funds belonging to her employer for her personal use. The funds were put in her trust, as she was responsible to deposit the same to a local bank belonging to her employer. However, she committed the financial crime of misappropriation of these funds to pay to her personal creditors. Therefore, she could be charged with embezzlement.