embezzle

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Related to defalcation: False token

Embezzle

To steal funds placed under one's responsibility. For example, a trustee has a fiduciary responsibility to use the funds in a trust for the beneficiary and for no other purpose. If he pockets some of the funds instead, he commits embezzlement. This crime can result in significant jail time, depending on the amount stolen. See also: White collar crime.

embezzle

To take illegally something of value being held in custody for someone else.
References in periodicals archive ?
337) Hyman also held that the underlying New York Surrogate Court decision did not collaterally estop the debtor from arguing, in the bankruptcy court, that he had not committed defalcation.
An equally unfortunate but common assumption is that CPL cover all acts of fraud, theft and defalcation.
As such, while they may be large in size, many practical business controls may not be in place to prevent or detect common defalcations.
Although Bumsted paints a detailed picture of the defalcation, there are many people, events, and other topics about which the reader would like to learn a great deal more.
In 1997, a mediator was brought in and an inquiry into the Clench Defalcation was begun.
Perhaps it was curiosity that led me to admit him to the conversation despite his defalcation.
7122-1T also includes an example of a business that exercised reasonable care over its financial matters and was subject to a defalcation of funds, including its payroll taxes.
All the investigations of Reagan-Bush, malfeasance and defalcation, from Iran/contra to B.
Then the clerk falsifies the records to cover the defalcation.
Conduct, supervise, or coordinate investigations of infractions of company policies and procedures, especially involving employee defalcation, property loss, conflicts of interest, and matters of grave misconduct not covered in other classifications.
The company's operating performance has been variable, due in part to agency defalcation losses suffered in recent years.
Bien que la Federation et la Ligue aient tente de se montrer fermes interdisant le recrutement a certains clubs ainsi que la defalcation de points pour d'autres (RC Relizane et RC Arbaa), la situation n'a pas connu la moindre amelioration.