self-dealing

American  

[self-dee-ling] / ˈsɛlfˈdi lɪŋ /

noun

1. financial transaction conducted on a personal, nonbusinesslike basis, as lending or borrowing of corporate money by a director.

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Etymology

Origin of self-dealing

First recorded in 1935–40

Example Sentences

“Anderson quietly orchestrated a decade-long campaign of self-dealing — funneling millions to himself through undisclosed payments, creating secret competing entities, and systematically depriving his business partner of every dollar owed,” alleges the complaint filed in Los Angeles Superior Court by OA 3 against Anderson and several of his business ventures.

From Los Angeles Times

The courts demanded transparency and consumer choice over entrenched self-dealing.

From The Wall Street Journal

Your brother isn’t just a co-owner or heir, he’s also the trustee, which means he has fiduciary duties to the beneficiaries, including administering the estate in a timely manner, avoiding self-dealing and treating all beneficiaries fairly and equally.

From MarketWatch

Haymon worked in this role for about 20 years, and over time, the suit alleges, he became the “mastermind of the financial scheme,” engaging in “financial manipulation and self-dealing behind Mayweather’s back.”

From Los Angeles Times

Breach of fiduciary duty claims are usually three years, but may be six years if based on fraud or self-dealing.

From MarketWatch