He had not even restored the defalcations in Horrocleave's petty cash.
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He was aware or ought to have been aware of such defalcations.
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The Commonwealth Games were a scandal with defalcations running into millions of dollars.
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As the firm did not maintain any regular audits, the clerk's defalcations remained undetected for a long time.
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The investigation of some recent cases of defalcations has put the fear of a criminal investigation in their minds.
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As such, while they may be large in size, many practical business controls may not be in place to prevent or detect common defalcations.
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The business man may insure against dishonesty of his employees, defalcations of people to whom he has extended credit, and losses due to raised or forged cheques.
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Auckland Star, 7 August 1922, p. 7. In August 1923 he pleaded guilty to charges of forgery and theft arising from his period as a Repatriation Officer. The "total defalcations amounted to £483", of which he had paid back more than half. He was "ordered to be detained for reformative purposes for twelve months".
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The truth came to light through Hughes's method of repaying the defalcations; by destroying cheques and paying creditors cash out of his own pocket. Hughes was tried, convicted and sentenced to eight years' jail with hard labour. It is likely Hughes was released in late 1873, No further requests for remission were made. but not made public.
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When a branch of the United States Mint opened in San Francisco in April 1854, Haraszthy became the first U.S. assayer. In August 1855, he became melter and refiner at the Mint. 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. A long investigation led to the dismissal of the criminal charges.
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It seems that some governors and officers had misused their powers in that period. In 624/1227, Alauddin Muhammad took the power upon the death of his mother at the age of 15 or 16 years and dealt iron-handed with the persons misusing the powers. Most of them turned against him and went to live in Qazvin. In order to cover the story of their defalcations, they started to spread rumors against the Imam in bitter sarcasm.
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"Serious Defalcations," The British Colonist (Victoria), Jan. 11, 1870, p. 3. The city engineer, Mr. Buckley, was asked to investigate the possibilities. He submitted a report in May 1872 recommending the use of Elk and Beaver Lakes that lay about north of the city. One result of his report was passage of the Victoria Waterworks Act of 1873 by the Provincial Legislature giving the City of Victoria disposal over all water sources within a radius of .
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Of that, however, there appears to have been no doubt from the first. His successor, Sir Robert Bowes, was nominated as early as 10 May. Beaumont formally surrendered his office, and admitted his defalcations on 28 May, and by the same document assigned all his manors, lands, goods and chattels, with the issues and profits of the same, to the king in satisfaction of his claims. On 4 June he acknowledged a fine of his lands, which were entailed upon himself and his wife, and signed a covenant to surrender his goods.
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Morice served as Deputy Governor of the Bank of England from 1725 to 1726, and as Governor from 1727 to 1729. During this period, he defrauded the bank of £29,000 by presenting fictitious bills of exchange for discounting by the Bank. He died suddenly on 16 November 1731, possibly of gout, but he was widely believed to have poisoned himself to forestall exposure. After his death, the enormous extent of his defalcations was revealed: he had not only swindled the Bank, but abstracted money from a trust fund left for his daughters by their maternal uncle, and still left debts of nearly £150,000.
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On 15 July 1869 a complimentary benefit was given him by a distinguished party of amateurs at the Lyceum Theatre, and on 7 February 1877 he took a farewell benefit at the Gaiety Theatre, which realised £1,300. His later years were embittered by the loss in 1877, through the defalcations of his solicitor, of the greater part of his forty years' savings. He died at the residence of his daughter, Pembroke Lodge, East Molesey, Surrey, at the age of 69, and was buried in East Molesey cemetery. A miniature portrait of Parry by Maclise is in the possession of Horace N. Pym, Esq.
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His only son Oliver De Lancey was born in Guernsey in 1803. On 1 January 1801 he was promoted lieutenant-general, but in November 1804 the commissioners of military inquiry found serious mistakes in his barrack accounts, and defalcations amounting to many thousands of pounds. He was removed from his post as barrack-master-general, but in spite of the violent attacks of the opposition, headed on this question by John Calcraft, he was not prosecuted, and was treated rather as having been culpably careless than actually fraudulent. To raise this money he was forced to sell his estate, but he remained a member of the consolidated board of general officers, and was promoted general on 1 January 1812,.
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This took the form of writing a business letter, solving mathematical problems, and knowledge of accounting and pay systems. The statistics of the Pay Department show that during it disbursed $1,100,000,000, with discrepancies of less than one-tenth of one per cent. 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. General Brice reflected on the massive endeavor of creating a modernized pay department from scratch in 1865: Brice is among the group of capable Washington staff officers who have been largely forgotten by modern historians, even though there was a surprisingly low turnover.
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In 1623, the prince angered the Ottomans by refusing to allow an army on its way back from the Persian front to winter in the Beqaa. This (and instigation by the powerful Janissariy garrison in Damascus) led Mustafa Pasha, Governor of Damascus, to launch an attack against him, resulting in the battle at Anjar where the Emir's forces although outnumbered managed to capture the Pasha and secure the Lebanese prince and his allies a much needed military victory. By 1628/9, Kuchuk Ahmed Pasha of Albanian origin who used to work as a tax-collector for Fakhr al-Din in southern Lebanon, but later sacked due to financial defalcations, was then named as a governor of Damascus, and he was shortly recalled to Kütahya to suppress the rebels in Anatolia. By 1629, Fakhr al-Din had extended his territory into the Syrian desert and northwards towards Anatolia.
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By implication the new fidelity fund did not provide a guarantee, the financial considerations are different with on the one hand liability of the fund vis-a-vis fidelity being limited to a finite amount, and on the other hand, in earlier times – the "guarantee era" – liability of the fund being unlimited. During the early to mid-1990s the amount of clients' money being lost at the hands of some Victorian solicitors became so large that the Solicitors Guarantee Fund began running year-in year- out in deficit, since it did not have sufficient income to meet the gross admitted claims against the fund. One of several major contributors to the ongoing deficit situation was Dudley Tregent & Co, which involved defalcations of between $10 million and $14 million of clients' funds. The core amount of $10 million to $14 million was topped up by a further $3 million or so in interest payable on claims because of the time it took to settle admitted claims, a period of 6 years from 1992 to 1998, while interest was accruing on the pending payouts at a statutory rate of 5% per annum.
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