Financial Theft

Financial theft refers to the illegal act of stealing money or assets through deceptive practices or fraudulent means. This can involve various methods, such as embezzlement, identity theft, credit card fraud, or hacking into financial accounts. Financial theft often encompasses actions where an individual or an organization unlawfully takes control of someone else's financial resources without their consent, with the intent to permanently deprive the owner of their property. The term highlights the breach of trust and legal responsibility involved in such acts, which can occur in both personal and corporate settings. Financial theft can lead to significant financial losses for victims and may also result in legal consequences for the perpetrators.