Yes, embezzlement is illegal since it involves a systematic, protracted theft of funds from the employer. It constitutes willful misbehavior.
The act of withholding assets from one or more people to whom the assets were committed in order to convert those funds, either to be held or to be utilized for certain objectives, is known as embezzlement. One sort of financial fraud is embezzlement.
The term "embezzlement" describes the covert removal of monies by a person in charge of managing and using those assets for corporate operations. An embezzler purposely mishandles business finances and assets for personal benefit by abusing the employers' trust.
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