The misappropriation of property belonging to another, with the intent to permanently deprive the owner of its use or possession, can constitute a criminal offense. This unlawful act involves exerting unauthorized control over someone else’s assets, effectively treating them as one’s own. For example, an employee who uses company funds for personal expenses, without authorization and with the intention of not repaying them, may be subject to prosecution under this principle.
This type of offense is important because it protects individuals and businesses from financial harm resulting from the wrongful actions of others. Its roots are in common law principles protecting property rights, and modern statutes codify and refine these concepts. The existence of such laws deters dishonest conduct and provides a legal framework for seeking redress when violations occur.
