A title agent who misuses funds intended to be used to close insured transactions is said to be involved in a defalcation.
12.
His cases as attorney general included the Breslin Treasury defalcation and the Wellington Rescue, where his arguments before the United States Supreme Court were widely celebrated.
13.
In accounting terminology, especially with respect to the area of audit, Defalcation means a misappropriation of assets or theft of assets by employees or officers of a corporation.
14.
The overhead cost of paying the troops, including expenses, defalcations and losses of all kinds, was just three-fourths of one per cent of the amount disbursed.
15.
He was removed from office in 1823 after being accused of defalcation and for many of his later years resided in Edinburgh, as well as Provost of St Andrews, 1836 1869.
16.
A grand jury investigation of alleged defalcations of gold from the Mint led in September, 1857, to a federal indictment charging Haraszthy with the embezzlement of $ 151, 550 in gold.
17.
After he was sentenced to 8 months of probation, 8000 Euro fine and one-year ban from standing in any election for defalcation of public funds, he resigned in 2008 from the political field.
18.
If the beneficiary wins a judgment against the trustee, and the trustee files for bankruptcy, the debt ( the judgment ) cannot be discharged in bankruptcy because the debt was the result of a defalcation.
19.
To constitute a defalcation, the conduct involves a degree of culpability that is greater than negligence, but the act does not need to rise to the level of a " fraud " under common law.
20.
Any debt tainted by one of a variety of wrongful acts recognized by the Bankruptcy Code, including defalcation, or consumer purchases or cash advances above a certain amount incurred a short time before filing, cannot be discharged.
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