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 ?
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.
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.
She also admitted attempting to embezzle a further pounds 27,915.
Madani explained that the DFM printer sent the suspect three blank cheques, one of which he used to embezzle the amount.
It is staggering what he was able to embezzle from this company.
The investigation unveiled that the suspects had unlawfully accessed the e-system and cancelled the transactions to embezzle the fees," he said.