Defalcator (Noun)
Meaning
Someone who violates a trust by taking (money) for his own use.
Classification
Nouns denoting people.
Examples
- The court convicted the company's former CEO as a defalcator for embezzling millions of dollars from the corporate accounts.
- A defalcator can face severe penalties, including imprisonment and restitution, for breaching the fiduciary duty to their clients.
- The investment firm was ruined by the actions of a defalcator who siphoned off clients' funds for personal expenses.
- A trusted financial advisor turned out to be a defalcator, stealing money from the very people he was supposed to help.
- Prosecutors argued that the treasurer's misuse of funds for personal expenses made him a classic example of a defalcator.