embezzle
verb [ I or T ]
LAW uk/ɪmˈbezl/ usto steal money that is in your care or that belongs to an organization or business you work for:
While employed as business banking manager of the bank, he embezzled £300,000.
embezzle sth from sb He allegedly went on a gambling spree with money embezzled from his employer.
embezzlement
noun [ U ]
An estate agent is under investigation for the alleged embezzlement of client funds.