to take or steal money that has been entrusted to someone, especially by deceiving or misusing it, often in a position of trust or authority
"Defalcate" Examples
5 Usage Examples of "Defalcate"
The company's financial officer was accused of defalcating funds from the company's account. The auditor discovered that the bookkeeper had been defalcating from the company's petty cash fund for several months. The former CEO was sentenced to prison for defalcating millions of dollars from the corporation. The government agency launched an investigation into allegations of defalcation by high-ranking officials. The financial advisor warned that investors should be cautious of unscrupulous advisors who might defalcate their funds.