Ron is an accountant in Standard Business Company's accounting department. Ron's daughter's college tuition is due within a week, or she cannot continue taking classes. To meet the due date, Ron transfers funds from Standard to a fictitious bank account, planning to repay the firm within one month. The transfer is discovered before the firm is repaid, and Ron is arrested. What crime, or crimes, if any, has Ron committed?

What will be an ideal response?


Ron committed at least embezzlement. The crime of embezzlement is committed when a person entrusted with another's property or money fraudulently appropriates it. That Ron may have intended to repay the "borrowed" funds is no defense (although an embezzler who returns what has been taken might not be prosecuted because the owner may not wish to take the time to make a complaint, give depositions, appear in court, and so on). Depending on how Ron engineered the theft, he may have committed other crimes¾forgery, larceny, or a computer crime, for example.

Business

You might also like to view...

Which of the following is an example of a fixed asset for a music store?

A. Sheet music that is played in the store B. A selection of jazz CDs owned by the store employees C. An assortment of music displayed in the store D. A wide range of classical and electric guitars E. A computer that is used to manage the store's inventory

Business

In which of the following communication networks does each person communicate with two others who are adjacent to them?

A. circle B. wheel C. chain D. all-channel

Business

Which of the following statements describing employment achievements would be most effective on a résumé?

A) Directed work flow and scheduling for emergency room personnel B) Performed preventative maintenance on production equipment C) Achieved 125 percent of production goal for three consecutive quarters D) Knowledgeable in a variety of production processes and Just-in-Time theories

Business

Islamic law, the legal system influenced by the religion of Islam, is referred to as shari'a

Indicate whether the statement is true or false

Business