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 accused pleaded not guilty before the Misdemeanour and Appeal courts relating to charges of defrauding and embezzling Shinawatra's money.
of tampering with the 9,159 receipts of renewing employees' health cards by changing the fees from Dh110 to Dh210 between November 2007 and March 2015 and embezzling around Dh1.
In February 2013, Santana was charged with embezzling and money laundering.
After his arrest, the defendant admitted to embezzling Dh70,000 from the company and was referred to the court on charges of breach of trust.
a UAE state minister accused of embezzling public funds, harming state interests and aiding Z.
LANCASTER - Two Antelope Valley mortgage company workers, as well as a minister and a San Bernardino homeowner, have been arrested on suspicion of embezzling a total of $380,000 from 24 people in the Antelope and San Fernando valleys.
Bureau of Prisons has been charged with embezzling funds.
According to the co-op, the two started embezzling around December 1998 by pretending to buy meat from the meat processor and defrauding the money from the co-op, or by giving the processor meat that the co-op had purchased from other companies.
Taylor, of Edinburgh, admitted embezzling more than pounds 28,000 between 1996 and 2001.
A local government leader in central Taiwan was sentenced to life in prison Thursday for embezzling funds destined for reconstruction from earthquake damage in the harshest sentence to date in connection with an ongoing quake graft probe.
A man who was once jailed for embezzling hundreds of thousands of dollars from an insurance company's pension fund was celebrating yesterday after sharing a pounds 41 million lottery win with a friend.
Embezzled income is taxable to the person who does the embezzling (revenue ruling 61-185, 1961-2 CB 9; revenue ruling 65-254, 1965-2 CB 50; James v.