embezzled funds

Misappropriated company assets

Embezzled funds are money or assets that have been stolen by someone entrusted with their care—typically an employee, accountant, or official who diverts funds for personal use.

The phrase appears frequently in legal and financial contexts: The treasurer was charged with stealing embezzled funds from the charity.

Unlike robbery, embezzlement involves a breach of trust rather than force.

Related

financial crimes · laundered · money trail · paper trail · skimmed · pilfered · siphoned · diverted · cooked books · offshore · shell company · account · scandal · audit · white-collar · creative accounting · cooking the books · indictment

Categories
Opposites
direction of asset flow

embezzled fundscharitable giving

Donating to help others

endowment · restitution

Family

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Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Negative · Everyday, not technical · Rated PG