Not a native speaker and NAL, but why would anyone call this "theft"? If anything (assuming that the premise was agreed upon by both parties, of course), I'd ca

Not a native speaker and NAL, but why would anyone call this "theft"? If anything (assuming that the premise was agreed upon by both parties, of course), I'd call that defalcation, embezzlement, or simply fraud. But as you laid out yourself, this doesn't fit any definition of theft.