Verb • हड़पना • गबन करना |
defalcate meaning in Hindi
defalcate sentence in HindiExamples
- On November 28, 2012 The Financial Industry Regulatory Authority ( FINRA ) announced that it had filed a complaint against Sledziejowski, alleging his defalcating funds of three customers in the amount of more than $ 4 million through an alleged scheme, carried on primarily outside the securities firm TWS Financial, LLC . Allegations involved converting client funds to the use of an entity under his control for the purpose of acquiring control over an FDIC registered PNA Bank headquartered in Chicago, IL while allegedly providing inaccurate account reports to three of his customers who were Sledziejowski's long time business partners and investors in the planned acquisition.
Meaning
verb.- 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:, , ,