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 ?
An NBP official told Dawn had the FIA worked on the case, all embezzled amount would have been recovered.
The subjects are alleged to have embezzled millions of rupees fund in purchase of medicines also made illegally appointments of Hospital Directors etc.
Assistant Immigration Inspector Sangay Norbu had embezzled Nu 0.222 mn.
The defendant was cited as admitting to prosecutors that she embezzled the money by using forged receipts.
The Portuguese suspect was cited as admitting to prosecutors that she embezzled the money by using forged receipts.
He was cleared of the charges that he embezzled P10.35 million remittances from the Mid-Pasig Land Development Corp.
Justice Minister Ahmed Al-Zind has been campaigning for filling the reconciliation forms since October 2015, claiming it is the only way to retain Egypt's embezzled funds held abroad.
13, does not state how or why Hauptman allegedly embezzled $47,600 over three and a half years.
Hull faces up to five years in federal prison and a fine up to $250,000 and could be ordered to repay the money embezzled. Herington man pleads guilty to stealing from Salina-area railroad union.
The prosecution accused Tsvetanov for large-scale embezzling to the tune of BGN 50 000 from the budget of the Interior Ministry.The sum was allegedly embezzled to the benefit of another person, Orlin Todorov, former head of the anti-mafia unit (GDBOP, the Interior Ministry's Chief Directorate Combating Organized Crime) in Veliko Tarnovo.The Sofia City Court is due to rule in another case against Tsvetanov on Thursday a for allegedly obstructing surveillance permits.
However, he confessed to the crime during questioning by prosecutors, but claimed he only embezzled BD100.
The court sentenced the accused at the first count to five years imprisonment and three times the embezzled amount (OMR881,979).