self-dealing
Exploiting one's position
Self-dealing is using a position of trust to benefit oneself rather than the party one is supposed to serve.
A corporate officer who steers contracts to a company he secretly owns is self-dealing.
A trustee who invests estate funds in her own business is self-dealing.
The term appears most often in legal and financial contexts: The board fired him for self-dealing.
The practice may be illegal or merely unethical, depending on disclosure and consent.
Illegal return payments
- briberyCorrupt payment for influence
- embezzlementFraudulent taking of entrusted assets
- graftIllicit political gain
- cronyismFavoring friends in appointments
influence peddling · malfeasance · profiteering · skimming · pilfering · abuse of power · exploitation · dishonesty
Preferential treatment of some
- cronyismFavoring friends in appointments
- patronageSupporter's financial backing
- biasUnfair inclination or prejudice
- partialityUnfair favor toward some
relatives · family business · dynasty · kinship · preferential treatment
Obligation to act loyally
- breach of trustViolation of confidence
- conflict of interestCompromised impartiality from competing stakes
- whistleblowerInsider who reports misconduct
- corporate governanceCompany direction and control
audit trail · legal ramifications · recusal · ethics committee · Dodd-Frank · injunction · disgorgement · civil liability
Wrongful taking of entrusted assets
- swindleDeception for financial gain
- scamDishonest money-making scheme
- deceptionIntentional misleading of others
- cheatingDeceptive rule-breaking
falsification · forgery · defrauding · money laundering · insider trading · embezzlement · asset stripping · shell companies
kickbacks
Illegal return payments
- briberyCorrupt payment for influence
- embezzlementFraudulent taking of entrusted assets
- graftIllicit political gain
cronyism · influence peddling · malfeasance · profiteering · skimming · pilfering · abuse of power · exploitation · dishonesty · manipulation
favoritism
Preferential treatment of some
- cronyismFavoring friends in appointments
- patronageSupporter's financial backing
- biasUnfair inclination or prejudice
partiality · relatives · family business · dynasty · kinship · preferential treatment
fiduciary duty
Obligation to act loyally
- breach of trustViolation of confidence
- conflict of interestCompromised impartiality from competing stakes
- whistleblowerInsider who reports misconduct
corporate governance · audit trail · legal ramifications · recusal · ethics committee · Dodd-Frank · injunction · disgorgement · civil liability · sanctions
misappropriation
Wrongful taking of entrusted assets
- swindleDeception for financial gain
- scamDishonest money-making scheme
- deceptionIntentional misleading of others
cheating · falsification · forgery · defrauding · money laundering · insider trading · embezzlement · asset stripping · shell companies · cooking the books
- wrongdoingmisconduct, crime, sabotage, crimes, misbehavior
- corruptioncorruption, graft, kickbacks, bribery, bribes
- selfishnessgreed, egoism, narcissism, entitlement, avarice
- corporate crimescorporate fraud, securities fraud, insider trading, price fixing, embezzlement
- embezzlementpeculation, defalcation, misuse of funds, misappropriation, siphoning
- ethics violationsbribery, bribes, kickbacks, kickback, nepotism
self-dealingdisinterestedness
Absence of selfish motive
integrity · probity · incorruptibility · selflessness · altruism
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