Embezzle (verb)
[em-bez–uhl] / ɛmˈbɛz əl/
Meaning: to secretly take money from your employer.
In every company, some people are given the authority to handle company’s money. It could be a CFO, or an accountant or a manager. For example, a company may give an HR manager $5000 to make arrangements for an annual party. Misusing company’s money for personal gains is called embezzlement.
John works at a consulting firm as an Accountant. The CFO asked him to buy new chairs for office staff. He bought the chairs for $10k. But in the company records, he entered $15k and he moved the extra $5 to his personal account.
In this scenario, John falsified
What John did here, is called Embezzlement.
Embezzlement is a very serious offense, embezzlers can get fired and sometimes even jailed.
More examples using embezzle:
- The CFO embezzled $31 million from the company and ended up in Jail.
- John created fake receipts and embezzled hundreds for dollars from the company
- John was arrested in a case of embezzlement.
- Two former employees of the post office were arrested on embezzlement charges.
Other forms of embezzle:
Embezzlement (noun)
These days newspapers have at least one story of fraud and embezzlement.
Embezzling, embezzled (verb)
David has embezzled from the client for years.
