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Extortion is the practice of obtaining benefit (e.g., money or goods) through coercion. In most jurisdictions it is likely to constitute a criminal offence ; the bulk of this article deals with such cases.
Embezzlement is the unlawful taking of property by someone whom it was entrusted to. For example, if a named person trusts their friend enough to allow them to hold their wallet, and the friend goes home without returning the wallet with the intention of keeping the money, the friend would have committed embezzlement.
An example of conversion is when a person logs checks in a check register or transaction log as being used for one specific purpose and then explicitly uses the funds from the checking account for another and completely different purpose. [3] When embezzlement occurs as a form of theft, distinguishing between embezzlement and larceny can be ...
Forms of corruption pertaining to money like bribery, extortion, embezzlement, and graft are found in local government systems. Other forms of political corruption are nepotism and patronage systems. One historical example was the Black Horse Cavalry, a group of New York state legislators accused of blackmailing corporations.
The study distinguishes two types of corruption: 1. Extortion: The demand of an official for a bribe under threat of harmful actions, or put him in such conditions under which he is forced to give a bribe in order to prevent harmful consequences for his law enforcement interest. 2.
Extortion is the act of threatening someone or using force against that person in order to obtain something.
Forms of corruption vary but can include bribery, lobbying, extortion, cronyism, nepotism, parochialism, patronage, influence peddling, graft, and embezzlement. Corruption may facilitate criminal enterprise , such as drug trafficking , money laundering , and human trafficking , although it is not restricted to these activities.
The most obvious example is blackmail, where the threat consists of the dissemination of damaging information. However, many other types are possible e.g. " emotional blackmail ", which typically involves threats of rejection from or disapproval by a peer-group, or creating feelings of guilt/obligation via a display of anger or hurt by someone ...