Fraud by Fiduciaries

    Fiduciaries are those upon whom the law imposes the highest duty because of their special status and relationship. Examples include those who are trustees, who have a power of attorney, professionals like lawyers, and others to whom property or money is entrusted. Depositories like banks whose relationship is defined by contract are not held to be fiduciaries. The law is sometimes inconsistent but those who have significant lobbying power (like financial institutions) are not considered fiduciaries.

Fiduciary Duties