Abstraction
| Author | Jeffrey Lehman, Shirelle Phelps |
Page 40
Taking from someone with an intent to injure or defraud.
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...
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