embezzlement im-BEZ-uhl-muhnt noun WS #14

theft or misappropriation of funds placed in one's trust or belonging to one's employer; the fraudulent appropriation of property or funds by someone to whom they have been entrusted

1. The bank manager's embezzlement of customer deposits shocked the entire community.
2. The embezzlement scheme went undetected for several years before an audit revealed the missing funds.
3. The accountant was charged with embezzlement after stealing thousands from the company.
4. She was sentenced to five years in prison for embezzlement of charitable donations.
5. New financial controls were implemented to prevent future cases of embezzlement.