Wordnet 3.0
VERB (1)
1. 
 appropriate (as property entrusted to one's care) fraudulently to one's own use; 
- Example: "The accountant embezzled thousands of dollars while working for the wealthy family"[syn: embezzle, defalcate, peculate, misappropriate, malversate]
WordNet (r) 3.0 (2006):
malversate
    v 1: 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"
         [syn: embezzle, defalcate, peculate,
         misappropriate, malversate]