Fraud and embezzlement both involve wrongful taking or loss of property or money, but they differ in how the wrongful act occurs and the relationship between the parties. Fraud generally involves intentional misrepresentation or deceit to obtain money or property from another party, often through false statements or schemes. Embezzlement typically involves someone who already lawfully possesses funds or property—such as an employee, agent, or trustee—and then converts those assets to personal use without authorization. The legal elements focus on intent and the nature of the transaction, and the precise definitions depend on Georgia statutes and case law. Understanding the distinction matters because the defenses and strategies vary. In embezzlement cases, showing authorization, lack of intent to permanently deprive, or accounting errors can be central. In fraud matters, demonstrating absence of false statements, lack of reliance by the alleged victim, or honest mistakes may be relevant. Each case requires careful review of records, communications, and applicable law to identify the most effective approach to defense and negotiation.