Embezzlement (n): Theft or misappropriation of funds placed in one's trust or belonging to one's employer.
Synonyms: misappropriation, theft, stealing, robbing, robbery, thieving, pilfering, pilferage, appropriation, abstraction, swindling;
The worst kind of loss
Losing money to embezzlement is the equivalent to burning liquid cash. Over time the money adds up until the business closes down.
“Embezzlement has no gender or race. It happens everyday and will continue happening until the owner does something about it.”