What is considered theft by conversion?

The concept of theft by conversion involves taking property that was legally obtained and using it in a manner inconsistent with the owner's rights or intentions. When someone obtains funds or property legally, but then misuses these assets for personal gain, this constitutes theft by conversion. It emphasizes the transformation of possession gained legitimately into an unlawful use, effectively denying the original owner their rights to the property.

In contrast, acts such as taking property without a weapon or knowing receipt of stolen goods focus on different aspects of theft or larceny. Additionally, obtaining services without the intention to pay pertains more to fraud rather than conversion, as it involves a deceitful act regarding service acquisition. Understanding these nuances helps clarify why using legally obtained funds for personal gain aligns with the definition of theft by conversion.