If you embezzle, especially if you steal public funds for your own private use, then you peculate that money. To peculate is, of course, illegal if you're caught, you can serve jail time.
To appropriate to one's own use the property of the public; to steal public moneys intrusted to one's care; to embezzle.
Verb
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"
v. i.
To appropriate to one's own use the property of the
public; to steal public moneys intrusted to one's care; to embezzle.
Peculate
An oppressive, . . . rapacious, and peculating despotism.
To appropriate to one's own use the property of the public; to steal public moneys intrusted to one's care; to embezzle.
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