embezzlement

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“
First, diversion of the public funds to his own use,--embezzlement or defalcation we should call it.

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Definitions (3)

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  1. The act of embezzling; specifically, the act by which a clerk, servant, or other person occupying a position of trust fraudulently appropriates to his own use the money or goods intrusted to his care; a criminal conversion; the appropriation to one's self by a breach of trust of the property or money of another; “a sort of statutory larceny, committed by servants and other like persons where there is a trust reposed, and therefore no trespass, so that the act would not be larceny at the common law” (Bishop). To remove doubts which had existed respecting embezzlements by merchants' and bankers' clerks, it was enacted, by the 39 George III. ch. 85, that if any servant or clerk should by virtue of his employment receive any money, bills, or any valuable security, goods or effects, in the name or on the account of his master or employer, and should afterwards embezzle any part of the same, he shall be deemed to have feloniously stolen the same, and should be subject to transportation for any term not exceeding fourteen years. Blackstone, Com., IV. xvii., note 3. Embezzlement is distinguished from larceny, properly so called, as being committed in respect of property which is not, at the time, in the actual or legal possession of the owner. Burrill.

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Examples (50)

  • Tuch was guilty of embezzlement, and for that he could be disbarred and lose his livelihood. —  Fatal Cure by Leonard Goldberg
  • I believe the word embezzlement has been mentioned a couple of times in his case. —  AHMM,May2007
  • A Houston woman faces federal mail fraud charges in connection with what prosecutors call the embezzlement of more than $100,00 from her father.
  • Locke said state law forbids anyone convicted of crimes of moral turpitude - such as embezzlement, malfeasance in office, larceny or bribery - from holding the position of magistrate or any other public office. —  news | TL | http://www.tuscaloosanews.com
  • As for fraud and embezzlement, a 2006 study found that most cases involved small businesses with an average amount of $190,000 taken. —  KELOLAND.COM: News, Weather and Sports
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