defalcate - appropriate (as property entrusted to one's care) fraudulently to one's own use; "The accountant embezzled thousands of dollars while working for the wealthy family"
Nixon, "Methods Employed by Defalcating Bookkeepers and Some Suggestions for the Prevention and Detection of the Same," The Accountant, December 1903, pp.
A case was registered by CBI on 20.08.1983 on the basis of a complaint from Punjab National Bank, Calcutta alleging that Amalendu Bikash Das while working as Manager, Punjab National Bank, Zakaria Street Branch, Calcutta during the period from July, 1982 to May, 1983 and in collusion with six other private accused persons misused his official position and allegedly cheated the bank to the tune of Rs.91.86 lakh (approx) by forging, fabricating and defalcating the accounts books of the said bank.
Also, if attorneys and law firms set up multiple trust accounts for multiple title companies and multiple clients, title companies will have worries that defalcating attorneys will be able to avoid detection by switching money between audited and unaudited funds, he said.
defalcate - appropriate (as property entrusted to one's care) fraudulently to one's own use; "The accountant embezzled thousands of dollars while working for the wealthy family"