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 ?
New information as to the extent of the Al-Adly's embezzlement was discovered case after Al-Adly and other intelligence and ministry officials refunded a total of EGP 178m of the EGP 2bn they are alleged to have embezzled.
He added that Tank trucks, four wheel-drive cars, containers and foodstuffs bearing acronyms of different international organizations are embezzled to the military zones.
Harris allegedly admitted the thefts and has said "she intends to sell or refinance her home to obtain cash to partially pay back the money embezzled from" Transition Management Inc.
Alvarado received part of the embezzled money from Chida, and invested in the money in an extravagant mansion and other facilities in Chile.
6 million yen two days later from the account held in the name of the housing authority's president, Masayoshi Yamaguchi, and embezzled the money.
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.
In 1860, Henry Mayhew estimated, the property stolen by thieves in London totalled [pound]71,000; in that same year one bank official alone embezzled [pound]260,000.
Deceptions uncovered by Krane & Smith and presented at trial included back-dated trial documents and promissory notes, million dollar "loans" to nonexistent individuals, and intentionally misleading accountings of millions of dollars in embezzled funds, some of which was used to buy Qualcomm stock.
The man was also ordered to pay back the amount he had embezzled.
On the other hand, another team by the AGP audited the record where the number of fake transactions rose to 733 from 92 and the embezzled amount from Rs3.
Dubai: A former sales manager has been accused of misusing his authority at a foodstuff company where he worked and embezzled Dh205,000 worth of cooking oil over two years.
Prosecutors said the suspect took advantage of the fact that the clients were unaware that he had cancelled their operations from another device and embezzled the money.