embezzle


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Related to embezzle: treasonable

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 ?
Plaintiff minority shareholders allege that the Defendants participated in a scheme to embezzle and defraud BFF out of its assets, including certain proprietary technology involving self-evolving database technology applicable to the Internet ("Technology").
and California common law prohibiting unfair competition, in a conspiracy to defraud BFF and embezzle BFF's rights to the Technology and its other assets.
Abadio Carrillo is accused of helping his father embezzle the money.
Roman claims Morales and the three board members, Miqueas Santana, Carmen Montalvo and Sandra Roman, "conspired to embezzle funds from Borinquen and cause the bank's collapse.
The lieutenant would embezzle the money from the taxes he collected for the Customs Department at Bahrain International Airport," said the Public Prosecution in court files.
Robinson embezzles money from his employer to finance a lavish apartment for his mistress to whom he poses as a famous painter.
He said in a press statement that if a person misappropriates or embezzles one million Rs today and after twenty years, this comes into the notice the culprits has to deposit the actual amount embezzled whereas the value should be calculated with the time value of the money.