The main word, absquatulate, was said to be used mainly in respect of people who ran off with money which had been entrusted to them - e.g, the club's treasurer or the bank cashier.

Yes, Rhuby...my encounters with the word in the writings of the time seem to point to it being used more often in the sense of embezzlement or embezzler than anything else. Yet this particular word (embezzle) never seems to show up in any of absquatulate's definitions as a synonym.