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 ?
Intelligence/curiosity: Embezzlers are often eager to know office procedures so they can manipulate the process for their own gain.
Legal counsel can ask the courts to freeze the embezzler's bank accounts and other assets to secure an eventual judgment against the embezzler.
Another time, "documents leaked to The Washington Post had made their way into the hands of an embezzler under indictment [Hale]--an embezzler who then utilized them, in concert with unscrupulous political operatives, to concoct charges against the President on national TV.
Still, if those years witnessed no lengthy prosecution campaigns against embezzlers, many manufacturers did make periodic use of the law to punish offenders.
An embezzler generally is a high school graduate; a staff employee, if female; a company officer, if male; a bright, competent, and superior employee; and neat, precise, and attentive to detail.
Fortunately, there are several straightforward ways to frustrate would-be embezzlers, say Fetridge and Hays:
Using the coefficients from column 2 in Table III and assuming the sample mean for the bank embezzler's age, presentence income, and dollar amount taken,(25) this typical bank embezzler faces a reduction in income of $6,581 if his real income in the absence of a crime would have remained at his presentence level of $16,813, a reduction of 39 percent.
The fact is, the embezzler could be almost anyone, from the director to the lowest-level employee--anyone in a position to steal.
His novels, mostly with a contemporary New York background, include Sybil (1952), The Great World of Timothy Colt (1956), Venus in Sparta (1958), Pursuit of the Prodigal (1959), The House of Five Talents (1960), Portrait in Brownstone (1962), The Embezzler (1966), A World of Profit (1968), The Dark Lady (1977), The Country Cousin (1978), The House of the Prophet (1980), Exit Lady Masham (1983), Fellow Passengers (1989), and The Lady of Situations (1990).
But when Rudd took a vacation in July 2014 and Alcorn reviewed her loan documents, he was shocked to uncover irregularities that revealed one of his best employees was an embezzler.
The post Six day remand for suspected co-op embezzler appeared first on Cyprus Mail .
Looks like Jeri Qedan a twice-convicted embezzler, will be a free woman in the next few days.