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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

embezzle

To take illegally something of value being held in custody for someone else.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
While no criterion can define a "typical" embezzler, the report points out common characteristics of white collar criminals, such as:
Embezzlers will set up fake employees or submit invoices from fictional companies to move university funds into their own accounts.
Although Golden Key depositors can heave sigh of relief many criticize continuing Ceylinco companies under the management of money embezzlers like Lalith Kothalawela, Kavan Perera, despite Central Bank's Good Governance directives.
The more detailed you make your COA, the more flexible your budget will be, the easier it will be to identify deductible expenses at year's end, and the harder you will make it for an embezzler to operate unnoticed.
Child sex offenders won't be put in charge of youth recreation programs, and embezzlers won't be hired to keep the books.
Other people have also these kind of "good," and, in addition, they have embezzlers, and pogrom-makers, and torturers--so what--the neighbors live and are not ashamed ...
One of the employees has already been referred to the court and that the bank management is seeking to reach a settlement with the embezzlers without referring the matter to court.
No surprise that this self-regulating den of iniquity is the refuge of fraudsters, embezzlers, lawyers and accountants who should be hauled before our courts for their crimes.
Whether such dastard deeds and unethical illegalities were committed during or prior to Ramadan is not the issue here, as the corrupt and the embezzlers would not be checked by the advent of the blessed month anyway.
A quietly confident Gallic caper comedy in which laid-back data processor embezzles the embezzlers of a rural French supermarket in the wake of a squall, "Before the Storm" is distinguished by a sure narrative hand and a subversively droll demeanor.
and embezzlers who all sport hate tattoos on their elbows
* Thoroughly screening job applicants and preventing likely embezzlers from being in a position to pocket corporate funds.