The Collaborative International Dictionary of English v.0.48:

Bezzle \Bez"zle\, v. t. [imp. & p. p. Bezzled; p. pr. & vb. n.
   Bezzling.] [OF. besillier, besiler, to maltreat, pillage;
   or shortened fr. embezzle. Cf. Embezzle.]
   To plunder; to waste in riot. [Obs.]
   [1913 Webster]