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 ?
Styles also places the problem of embezzlement in a longer chronological framework, disputing other historians' preoccupation with the th century.(11)
Randall warns that preconceptions and typologies can impede an understanding of the problem of embezzlement.(12) His caution is well taken.
The key to accounting for the policing initiative was the precise relationship between the forms of embezzlement practiced by spinners, false and short reeling, and the goal of enhancing the disciplinary potential of the wage.
The law would prove an especially important resource in attending to the intractable problem of embezzlement.(22)
But manufacturers only rarely made use of equity courts, the venue for the adjudication of such civil matters.(24) Jurists and parliamentarians instead devised and elaborated the law of embezzlement, a statutory body consistent with what Christopher L.
It's always back to basics," Neill said of the alleged embezzlement of Observer funds by a former Observer production supervisor, two other men, and a contract printing company.
The suspected embezzlement of newspaper money, according to a lawsuit filed by the Observer, involves former Observer platemaking supervisor Oren "Pat" Johnson, a 22-year employee of the company.
Three Observer executives with administrative and accounting responsibility resigned following the alleged embezzlement.
and there's a sense by other employees of betrayal," the suspected embezzlement otherwise has had little effect on ongoing operations of the newspaper.
"It's the largest known embezzlement in North Carolina, so it's a big story," Neill observed.
CPAs should be alert to simple trends when determining a company's risk of material embezzlement. Consider one or more of the following:
What started out as the theft of a few hundred dollars to help her kids became a major embezzlement that went undetected for nearly four years.