diverting funds
Rerouting allocated money
Diverting funds is redirecting money from its intended purpose to another use, usually implying wrongdoing.
The phrase suggests misappropriation or embezzlement: The treasurer was charged with diverting funds from the charity to his personal account.
In neutral contexts, it can simply mean reallocating resources: The company diverted funds from marketing to research.
- embezzlementFraudulent taking of entrusted assets
- siphoningDrawing liquid through tube
- misappropriationWrongful taking of entrusted assets
- skimmingPassing lightly over
- off the booksUnreported to authorities
laundering · offshore · Swiss bank account · numbered account · kickbacks · fraud · cooking the books · shell company · funneling · redirecting · stealing · under the table · corruption · graft · bribes · black money · accounts · ledger
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