Definition
The white-collar crime where trusted employees prove they can't be trusted by helping themselves to company funds. It's theft with extra steps and a fancier vocabulary, typically involving someone with financial access who decides their employer's money would look better in their own account. Unlike robbery, embezzlement requires both access and the audacity to pretend it's totally normal to redirect corporate funds to your offshore vacation fund.
Example Usage
The CFO was arrested for embezzlement after investigators discovered years of fraudulent transfers to his personal accounts.
Source: Legal and criminal terminology
Related Terms
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See “embezzlement” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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