Philadelphia Criminal Defense Attorney Mark D. Hauser

Theft, larceny is typically defined as the taking of almost anything of value without the consent of the owner, with the intent to permanently deprive him or her of the value of the property taken. Most states recognize degrees of theft, such as "grand" or "petty," which usually relate to the value of the property taken.

For example, Dan goes to Victor's music store, puts two CDs in his pocket, and walks out the door. Dan can be charged with theft, larceny. Had Dan stolen Victor's car from the parking lot, Dan would likely be charged with grand theft, larceny.

Embezzlement

Embezzlement is defined in most states as theft, larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings.

For example, while working as a bank manager, Dan alters customer deposit receipts and account information, then siphons bank money into his own pocket.