Use 'defalcation' in a Sentence

The board of directors held Bruce in the highest esteem, and considered his family ties to the company made his loyalties unimpeachable, therefore they were all quite astounded by his defalcation of funds for expensive personal hobbies.
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He was arrested for defalcation and would be brought in front of a judge and that would scare him, because he thought judges were scary.
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Many high ranking companies have turned out to fall victim to defalcation, when a higher up in the company spends funds, or a lower level employee embezzles.
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