Call our Abilene office toll free at 80 to schedule a free consultation. Fiduciary fraud is a legal term that applies in a situation where there is a breach of the trust reposed in a fiduciary who occupies such a position of trust in respect to the management of the finances of the client. falsity and adds the element of a fiduciary relationship. If you have been charged with fiduciary fraud, business fraud or another white collar crime, please contact The Law Offices of Randy Wilson and Kristin Postell, PLLC. Constructive fraud in the field of contract law refers to a breach of a duty through material. Trade secret violations are serious white collar crime-related issues and must be handled by an attorney who is knowledgeable of these specific and often complicated types of crimes. It is important to note that in some cases, the revealing of trade secrets can be considered acts of fiduciary fraud. Oil operator (stealing oil from land owner).Individuals designated as having power of attorney. Bookkeepers and Certified Public Accountants (CPAs).Office manager or administrative assistant (secretary).Various types of individuals may be accused of embezzlement as an aspect of fiduciary fraud, including: Fraud can be used to put a company in play, steer a sale process toward a favored bidder, suppress the sale price to a controller, or make a favored bid look more attractive. This is the stealing of funds from a business or other party by a party who has been trusted with managing the party’s funds. Commission of fraud on the board is an omnipresent temptation for self-interested controllers, activist stockholders, officers, financial advisors, and their legal counsel. Fraud and embezzlement Self-dealing Conflicts of interest Unauthorized use of estate property Mismanagement or poor accounting Incorrect trust or will. One common form of fiduciary fraud is embezzlement. Markowitz Herbold trial lawyers represent plaintiffs and defendants in breach of fiduciary duty claims. Attorney Randy Wilson, of The Law Offices of Randy Wilson and Kristin Postell, PLLC, provides aggressive legal representation to clients who are facing fiduciary fraud and other white collar crime charges. Though a recovery can only be gained through a civil lawsuit, law enforcement may charge the person or party with fiduciary fraud and/or any other white collar crime charges. This type of fraud may occur when a person, business or other party has a fiduciary connection with a second person, business or party and intentionally misrepresents or excludes facts that result in monetary damages to the initial party. One specific area of white collar crime is fiduciary fraud.
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