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 ?
"Because the jury's verdicts demonstrate that they found the defendants guilty of all the required elements of larceny by embezzlement, we remand for entry of convictions of this lesser included offense and for resentencing,'' the SJC wrote.
'We are now including the private sector in line with agreements signed with the United Nations to combat corruption and ensure that there are less criminal activities in regard to bribes and embezzlement,' he said.
Milmine, without admitting to any allegations, consented to the issuance of the order based on her alleged participation in violations of law and breaches of fiduciary duty in connection with embezzlement of funds at the bank, as well as similar violations and breaches at other banks.
The four favorable factors were: Ruth would suffer economic hardship, the embezzlement income was solely attributable to Albert, Ruth received no significant benefit and she was in compliance with the tax laws in subsequent years.
Kanada said he was afraid his embezzlement would come to light as auditing is due before the cooperative's merger in October with another local agricultural cooperative, they said.
The accused was facing charges of violating the Public Procurement Regulatory Authority (PPRA) rules in award of contracts and embezzlement of Punjab Youth Festival funds.
At the outset of the proceedings, Rai Ejaz's counsel argued that his client was arrested by the bureau in connection with embezzlement charges during his posting as DPO Gujrat from 2014 to 2016.
But Immigration Commissioner Jaime Morente said the Japanese embassy sought the bureau's help in arresting Sato, who is facing embezzlement charges in Tokyo.
Bureau of Immigration Fugitive Search Unit Chief Bobby Raquepo said on Monday that apart from the embezzlement case, Fuminori Sato was also wanted as an illegal alien in the country.
However, a new update that would force those convicted of embezzlement to compensate victims - in addition to serving jail time - has been approved by the Shura Council.
Embezzlement case in the head of taxes of City Scan and M.R.I machines was heard by Judge Munawar Shahwani of Accountability Court-I.
The Tax Court granted innocent spouse relief from tax liabilities for one year for which evidence showed a husband was unaware of his wife's embezzlement of funds omitted from income reported on their return.