embezzlement

(redirected from embezzle)
Also found in: Dictionary, Thesaurus, Legal, Financial, Idioms, Wikipedia.
Related to embezzle: treasonable

embezzlement,

wrongful use, for one's own selfish ends, of the property of another when that property has been legally entrusted to one. Such an act was not larcenylarceny,
in law, the unlawful taking and carrying away of the property of another, with intent to deprive the owner of its use or to appropriate it to the use of the perpetrator or of someone else.
..... Click the link for more information.
 at common law because larceny was committed only when property was acquired by a "felonious taking," i.e., when the act was committed with respect to property that was at the time in the legal possession of the owner. Consequently, unfaithful servants, employees, agents, trustees, or guardians who misappropriated another's property could be sued only in the civil courts, on the grounds that although the defendant had legally come into possession of the property, he had breached his trust by wrongfully misappropriating it to his own use. To remedy this situation statutes were passed in England and the United States that either made embezzlement a distinct crime or enlarged the definition of larceny in such a way as to include all cases of misappropriation of property in the lawful possession of the wrongdoer. In most states of the United States embezzlement is a felonyfelony
, any grave crime, in contrast to a misdemeanor, that is so declared in statute or was so considered in common law. In early English law a felony was a heinous act that canceled the perpetrator's feudal rights and forfeited his lands and goods to the king, thus depriving
..... Click the link for more information.
. Under acts of Congress, stealing of letters by postmasters, clerks, and letter carriers is considered embezzlement.
References in periodicals archive ?
According to the charges sheet, prosecutors said the Portuguese supervisor forged 44 Dewa receipts to embezzle around Dh32,000, 40 school tuition receipts to embezzle Dh123,000 and five rent receipts to embezzle around Dh220,000 between 2011 and 2015.
Prosecutors said the three men, who worked at a typing company in the Muraqabbat area of Dubai, forged 3,160 e-documents through the Health Ministry's internet system and used them to embezzle money between June and August 2013.
The lieutenant would embezzle the money from the taxes he collected for the Customs Department at Bahrain International Airport," said the Public Prosecution in court files.
Wong also has denied all charges that he embezzled or attempted to embezzle thousands of dollars in cash and property from Kaiser Permanente while he worked as its Los Angeles director of government relations.
Instead of raising funds for the foundation, "Thornton embezzled funds from numerous individual donors and charitable foundations" since 1990 and "continued to embezzle charitable donations he solicited on behalf of USC even after USC severed its relationship with Thornton and his foundation in 1998.
Since England then--and probably still now--had "the most permissive commercial legislation in Europe, if not in the world," the temptations to defraud, embezzle, and even legally to part fools from their money were beyond the dreams of avarice.