Answer:Yes he has commited a crime of embezzlement
Explanation:
What does embezzlement mean?
When someone is entrusted with some funds or other material that they are supposed to look after and take care of but instead of taking care of those funds they steal from them or misappropriate them that is embezzlement.
For example stealing from your employer is embezzlement.
People put their funds in the bank and entrust it to everyone who works there hoping that if anything was amiss they will be notified however if those people start to take from these funds without the consent of the people who kept their money there that is embezzlement.