As Florida residents may know, the theft of assets placed in an individual's care that belong to another business or person is typically considered embezzlement. This type of financial fraud involves misappropriating funds that the perpetrator has a fiduciary duty to protect. In Florida, embezzlement may be charged as theft, and the property may initially be entrusted voluntarily.
In this situation, an individual is asked to manage, use or monitor assets belonging to someone else. In order to accomplish such tasks, the individual must have access to the assets. If the individual takes some portion of the assets and uses them for his or her personal gain, this may be considered embezzlement.