Jennings operated a courier service to collect and deliver money. The contract with his customers allowed Jennings a day or so to deliver the money that had been collected. Instead of holding collections until delivered, Jennings made short-term investments with the money. He always made deliveries to the customers on time, but because he kept the profit from the investments for himself, Jennings was prosecuted for embezzlement. Was he guilty?)]

Respuesta :

Answer:

Yes he is guilty of embezzlement

Explanation:

Embezzlement is defined as using finds that are in one's trust for another purpose and keeping proceeds made for personal gain.

The funds held are for another purpose but were used for the personal gain of the embezzler.

In this scenario Jennings was only to collect and deliver money. He however used the money for short term investments and kept the profits for himself. He did this without the permission of his clients.

Jennings is guilty of embezzlement

Yes he is guilty of embezzlement

What is Embezzlement?

It measured the one's trust for another motive and keeping proceeds made for personal profits. In the given situation,  Jennings was only to collect and deliver money. But he used the money for short term investments and kept the profits for himself. Also, He did this without the permission of his clients. Due to this, he is guilty.

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