embezzle

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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 ?
Legal counsel can ask the courts to freeze the embezzler's bank accounts and other assets to secure an eventual judgment against the embezzler.
Still, if those years witnessed no lengthy prosecution campaigns against embezzlers, many manufacturers did make periodic use of the law to punish offenders.
Criminals with the same mean preconviction income as larcenists and thieves ($10,312) can expect a reduction of $4705 (or 46 percent), while those with the same mean preconviction income as embezzlers and defrauders ($20,992) face a reduction of $13,451 (or 64 percent).
A plausible story is one of the most important tools of an embezzler.
If you caught an embezzler embezzling funds and he says, "I'm dependent on the money, can you phase me out of this embezzlement?
The decision to bring charges against an embezzler, however, is generally secondary to a company's financial concerns.
The first edition sees film-maker Jonathan Lewis visiting the border with Kazakhstan, meeting officials laying down the law in Tibet, chatting to an embezzler in prison and hearing ordinary folk speaking frankly about the problems they face.
The FSA also ordered the Bank of Tokyo-Mitsubishi UFJ in February to suspend some operations for lending to an embezzler.
Four years have passed when on April 9, 2003 the occupying US forces upstaged a mob in Firdaus Square in Baghdad formed of Iraqi renegade Ahmad Shalabi (an embezzler with a jail sentence of 21 years waiting for him in Jordan) and few of his henchmen; their mission: To show the world via satellite the bringing down of Saddam's statue in the middle of the square and then unleashing all the above mentioned in an orgy of fury and hate at the statue.
Once you alert the embezzler of your suspicions, evidence may disappear, so try to review, or at least secure, all relevant records before confronting the embezzler.
WHAT do you make of Lanarkshire embezzler David Marshall who says he blew pounds 2million on the horses?