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Supreme Court Clarifies Law on Theft
RALEIGH — The N.C. Supreme Court has clarified what constitutes larceny and embezzlement. The ruling comes in the case of Robert Weaver, a Buncombe County man accused of aiding and conspiring with his wife Kimberly to embezzle funds from family-owned businesses. The high court found because Kimberly had not had lawfully control over the funds, her actions did not meet the legal definition of embezzlement. North Carolina law is derived from British common law, under which larceny was a felony but taking property entrusted to you for your use constituted only the misdemeanor crime of breach of trust.