embezzlement

/im'bezlmənt/
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embezzlement

A manager alters financial records to hide embezzlement.

Definition
  1. Noun:
    • The fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else: A specific type of financial crime where a person who is trusted to manage or hold assets (like money or property) illegally takes them for their own use.
Examples of Usage
  • Noun:
    • The accountant was convicted of embezzlement after stealing from the company's accounts.
    • Embezzlement of public funds is a serious offense that can lead to imprisonment.
Advanced Usage
  • "to be guilty of embezzlement": to have committed the crime of taking entrusted funds.
    • The treasurer was found guilty of embezzlement.
  • "embezzlement scheme": a planned method for fraudulently taking entrusted money.
    • The elaborate embezzlement scheme went undetected for years.
Variants and Related Words
  • Embezzle (verb): to steal money or property that has been entrusted to one's care.
    • He was accused of trying to embezzle client funds.
  • Embezzler (noun): a person who commits embezzlement.
    • The embezzler was ordered to repay all the stolen money.
Synonyms
  • Misappropriation: The dishonest or unauthorized use of funds, often used interchangeably with embezzlement in legal contexts.
  • Defalcation: A formal term, often used in legal or financial settings, for the misappropriation of funds by a person entrusted with them.
  • Peculation: The theft or misappropriation of public funds, especially by a public official.
Related Phrases
  • Corporate embezzlement: Embezzlement that occurs within a business or corporation.
    • The scandal involved high-level corporate embezzlement.
  • Embezzlement of assets: A broader term specifying the theft of property or valuables, not just cash.
    • The investigation uncovered an embezzlement of assets from the estate.
Related Idioms
  • "To cook the books": To falsify financial records, which is often a method used to conceal embezzlement.
    • He was not only embezzling but also cooking the books to hide his tracks.
  • "To have one's hand in the till": To steal money from the place where one works, similar to embezzlement in a retail or cash-handling context.
    • The manager was caught with his hand in the till.
embezzlement

A manager alters financial records to hide embezzlement.

Noun
  1. the fraudulent appropriation of funds or property entrusted to your care but actually owned by someone else

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