Understanding Embezzlement in Iowa: A Comprehensive Guide Embezzlement, a term often heard in the news, refers to a specific type of financial crime. In Iowa, it's not codified as a standalone crime but rather falls under the broader umbrella of "theft" as defined by Iowa Code Chapter 714. This distinction is crucial because the penalties and legal framework are determined by the general theft statute, primarily based on the value of the property or funds embezzled. If you're facing allegations of embezzlement or believe you've been a victim, understanding Iowa's legal landscape is the critical first step. What Exactly is Embezzlement Under Iowa Law? At its core, embezzlement involves the fraudulent appropriation of property by someone to whom it has been entrusted. Unlike simple theft, which involves taking property without permission, embezzlement presumes that the accused initially had lawful possession of the property due to a position...