Chapter 3 - Legislative Framework
The Fraud Act (2006) - Scottish Legislation
Embezzlement and Statutory Frauds
Embezzlement is the felonious appropriation of property without the consent of the owner, where the appropriation is by a person who has received a limited ownership of the property, subject to restoration at a future time, or possession of property subject to liability to account for it to the owner.
In most cases embezzlement involves the appropriation of money.
In addition there are a wide range of statutory offences which are closely related to the common law offence.
The main examples can be found in the following statutes:
- Bankruptcy (Scotland) Act 1985
- Business Protection from Misleading Marketing Regulations 2008
- Companies Act 2006
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- Computer Misuse Act 1990
- Consumer Protection from Unfair Trading Regulations 2008
- Criminal Justice and Licensing (Scotland) Act 2010 (articles for use in frauds)
- Financial Services and Markets Act 2000 (to protect investors)
- Food Safety Act 1990 (labelling and substandard food)Forgery and Counterfeiting Act 1982 (counterfeiting of bank notes and coins)
- Insolvency Act 1986
- Weights and Measures Act 1985.

