Defalcator

A defalcator is an individual who misappropriates funds entrusted to their care, often involving the embezzlement of money or property. This fraudulent act constitutes a breach of trust, where the defalcator abuses their position for personal gain, leading to financial loss for the victim or organization. The term highlights the element of dishonesty and the violation of fiduciary duty inherent in such actions, typically resulting in legal consequences and reputational damage.

Defalcator meaning with examples

• The financial officer, caught siphoning money from the company's accounts, was exposed as a defalcator. His actions led to the company's near bankruptcy, and his betrayal shook the employees' confidence. The investigation revealed years of illicit activity, highlighting the extent of his defalcation and the elaborate methods he used to conceal it.
• The bank clerk, a defalcator for years, diverted customer deposits into his secret offshore account. The scheme was finally uncovered during a routine audit, exposing the shocking scope of the theft. The repercussions for the bank were severe, including hefty fines and a decline in customer trust due to the defalcation.
• The charity's treasurer was labeled a defalcator after authorities discovered evidence of missing donations. The missing funds were supposedly used for personal enrichment. The scandal damaged the reputation of the organization and resulted in a thorough review of their financial processes, as well as serious charges against the defalcator.
• The politician was accused of being a defalcator, illegally diverting public funds for his own re-election campaign. The allegations triggered a public outcry, demanding that this defalcation be addressed through an impartial legal process. The case continues to resonate, highlighting the importance of government accountability and the impact of defalcation on society.
• The sports agent, revealed as a defalcator, stole funds from his clients by manipulating contract agreements, leading to a breach of trust that ruined careers. This widespread fraud, spanning over multiple years, finally resulted in a legal case, further bringing to light the damage done by his defalcation and the need for greater industry oversight.