defalcate
/dɪˈfælkeɪt/
verb
- To steal or misuse money that has been entrusted to one's care, especially by an employer or organization.
- The treasurer was found to defalcate thousands of dollars over several years.
- The accountant was caught trying to defalcate funds from the company's pension account.
- It is illegal to defalcate money that belongs to a charity.
Synonyms