“I was quite shocked at the scope of the embezzlement,” he said.
Before Crundwell, the largest municipal fraud was also an embezzlement case committed by a woman named Harriette Walters.
He remains serving a three-year sentence for embezzlement that he was convicted on in May.
early 15c., from Anglo-French embesiler "to steal, cause to disappear" (c.1300), from Old French em- (see en- (1)) + besillier "torment, destroy, gouge," of unknown origin. Sense of "to dispose of fraudulently" is first recorded 1580s. Related: Embezzled; embezzling.
The stealing of money entrusted to one's care: “The treasurer of the company embezzled a million dollars.”