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embezzle (v.)

early 15c., "make away with money or property of another, steal," from Anglo-French enbesiler "to steal, cause to disappear" (c. 1300), from Old French em- (see en- (1)) + besillier "torment, destroy, gouge," which is of unknown origin. Sense of "dispose of fraudulently to one's own use," is first recorded 1580s. Related: Embezzled; embezzling.

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Definitions of embezzle from WordNet

embezzle (v.)
appropriate (as property entrusted to one's care) fraudulently to one's own use;
The accountant embezzled thousands of dollars while working for the wealthy family
Synonyms: defalcate / peculate / misappropriate / malversate
From wordnet.princeton.edu