Robert Maxwell.

Smith, Robert

Abstract

This entry relates to the misappropriation, or embezzlement, of approximately £400 million from the Daily Mirror Group Pension Fund by then owner of the company, the late Robert Maxwell and to his criminal business activities. Misappropriation is the intentional, unauthorized and illegal use of property, or funds, for one's own use or other unauthorized purpose. Embezzlement is the act of dishonestly withholding assets for the purpose of theft by an individual to whom such assets have been entrusted to be held and/or used for other purposes. This topic is relevant because such crimes are normally committed by employees and not by company owners themselves which raises issues of breach of trust, mismanagement, corporate governance, corporate crime and corporate malfeasance.

Citation

SMITH, R. 2013. Robert Maxwell. In Salinger, L.M. (ed.) Encyclopedia of white-collar and corporate crime. Second edition. Thousand Oaks, CA: SAGE, pages 586-588.

• Online Publication Date: Jul 31, 2013
• Publication Date: Jul 31, 2013
• Deposit Date: Oct 16, 2013
• Publicly Available Date: Oct 16, 2013
• Publisher: SAGE Publications
• Pages: 586-588
• Edition: Second edition
• Book Title: Encyclopedia of white-collar and corporate crime
• ISBN: 9781452225302
• Keywords: White collar crime; Corporate crime; Banks; Financial institutions
• Public URL: http://hdl.handle.net/10059/887
• Publisher URL: https://uk.sagepub.com/en-gb/eur/encyclopedia-of-white-collar-and-corporate-crime/book237970