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What is another term for embezzlement?

Synonyms. misappropriation. He was accused of misappropriation of bank funds. stealing.

What is the synonym of embezzled?

Synonyms Near Synonyms for embezzle. misapply, misappropriate, misuse, peculate.

What does word embezzled mean?

/ɪmˈbez. əl/ to secretly take money that is in your care or that belongs to an organization or business you work for: She embezzled thousands of dollars from the charity.

What is the most common form of embezzlement?

The most common form of embezzlement is simple cash skimming. Employees who handle cash directly, such as cashiers, servers, bartenders, or delivery drivers can embezzle funds by destroying or falsifying transaction records and pocketing the cash.

What does word embezzled mean?

/ɪmˈbez. əl/ to secretly take money that is in your care or that belongs to an organization or business you work for: She embezzled thousands of dollars from the charity.

How do you use embezzlement in a sentence?

They were arrested for embezzlement of company funds. Hes accused of tax evasion, embezzlement, and fraud. Her lawyer declined to comment about the embezzlement charge she faces.

What is embezzlement with example?

Embezzlers might create bills and receipts for activities that did not occur and then use the money paid for personal expenses. Ponzi schemes are an example of embezzlement. Others include destroying employee records or pocketing company cash. Businesses lost approximately $400 billion each year to theft.

What is embezzlement and give an example?

Embezzlement is a type of financial fraud. For example, a lawyer might embezzle funds from the trust accounts of their clients; a financial advisor might embezzle the funds of investors; and a husband or a wife might embezzle funds from a bank account jointly held with the spouse.

How do you use embezzled in a sentence?

He was caught embezzling money from his clients. He was convicted of embezzling.

What is the meaning of embezzling money?

Embezzlement is a white-collar crime that takes place when an individual entrusted with property, money, or another asset dishonestly appropriates that resource for their own personal use. The act of embezzlement constitutes a bdocHub of fiduciary responsibility in the context of a principal-agent relationship.

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