What is embezzlement ​

theft or misappropriation of funds placed in one's trust or belonging to one's employer.

Explanation:

Embezzlement takes place when a person uses funds for a different purpose than they were intended to be used. Embezzlers might create bills and receipts for activities that did not occur and then use the money paid for personal expenses.

or

Embezzlement can refer to a form of white-collar crime in which a person or entity misappropriates the assets entrusted to him or her. In this type of fraud, the embezzler attains the assets lawfully and has the right to possess them, but the assets are then used for unintended purposes.  

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