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peculate (v.)

"embezzle, pilfer, appropriate to one's own use public money or goods entrusted to one's care," 1749, from Latin peculatus, past participle of peculari "to embezzle," from peculum "private property," originally "cattle" (see peculiar). Related: Peculated; peculating; peculator.

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Definitions of peculate from WordNet

peculate (v.)
appropriate (as property entrusted to one's care) fraudulently to one's own use;
Synonyms: embezzle / defalcate / misappropriate / malversate
From wordnet.princeton.edu