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Embezzlement is a major form of corruption besides bribing and extortion. It corresponds to a dishonest act, committed by individuals who misappropriate assets that were entrusted to them in order to monopolize or to steal them.1 Press releases regularly illustrate embezzlement by politicians, artists, or even ecclesiastics. Embezzlement is a pervasive activity in many domains, including charities, remittances and international aid. It is also a worldwide problem that is particularly worrying in developing countries because it generates inefficiency and unfairness (Bardhan, 1997; Fantaye, 2004; Fan et al., 2010; Olken and Pande, 2011).2...

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