defalcate

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defalcate

verb appropriate to one's own use, cheat, defraud, divert funds, embezzle, falsify accounts, misapply funds, misappropriate money, misemploy funds, misuse entrusted monies, obtain money under false pretenses, peculate, purloin, rob, steal, swindle, take by fraud, thieve
See also: cheat, embezzle, loot, purloin

defalcate

to misuse or misappropriate property or funds entrusted to one.