How do you say DESFALCO in English?

"Ecuadorian politicians are rookies compared to me!"

Embezzlement is another form of fraud that, in turn, is considered a white-collar crime. It usually happens when one person is given the role of an administrator and is entrusted with other people's money and assets. Little by little (sometimes all at once) that money and assets are diverted to the accounts of such "administrator". One day this "administrator" simply disappears and it happens that those people or person's money and assets have been moved to someone's account in a bank of the Cayman Islands or some other country that allows the so-called "Bank Secrecy" and has no extradition agreement with other countries, in particular, that one where the crime was originally committed. Embezzlement is a concealed premeditated practice since the perpetrator does not want to be discovered and usually, he or she is not until it is simply too late.