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 ?
The first order of business for HR is to keep embezzlers out of the workplace through applicant screening.
If embezzlers were really smart, Warren said, they'd take just enough money to pay their debts.
Until 1774, the law failed to distinguish those practices from the generic offense of embezzlement, subjecting spinners to identical liabilities as other embezzlers.
For instance: 36 percent of embezzlers and less than 1 percent of U.
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 study based on the experiences of internal auditors found that embezzlers often begin their careers by simply making one bad decision.
By a significant margin, embezzlers are most likely to be individuals who hold financial positions within organizations;
LONDON, Sept 16 (KUNA) -- Kuwaiti MP Askar Al-Anezi affirmed on Wednesday the importance of ratifying an agreement with the UK on the exchange of embezzlers of public funds.
They have turned Turkey into a 'valley of embezzlers.
DERA GHAZI KHAN, August 06, 2010 (Frontier Star): Chief minister Punjab Mian Shahbaz Sharif said that affluent classes should come forward to assist the flood affected people adding that money should be snatched from the embezzlers to assist the flood victims.
Please don't use the law to protect the embezzlers.