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Malversation

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MALVERSATION, French law. This word is applied to all punishable faults committed in the exercise of an office, such as corruptions, exactions, extortions and larceny. Merl. Repert. h.t.


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Even then, white-collar crime flourished, with fraudulent bills of exchange, "long-firm frauds" (obtaining goods by false pretenses), dishonest bankruptcies, malversation of trust funds, and the like.
 
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