👉 defraudment is a legal term that refers to a situation where someone intentionally misappropriates funds intended for another person or organization, typically through deceitful means. This can include fraudulent acts such as embezzlement, theft of funds, and other forms of fraud. In the context of finance, defrauding another individual or entity is generally considered unethical and illegal. It involves taking advantage of someone else's trust or confidence to obtain something that they should have received on their own. The
