A situation whereby a legally appointed individual is appointed to manage the assets of another individual and using this power in order to benefit illegally or unethically. This is often used by financial advisors or power of attorneys who borrow funds from the accounts of their clients to invest in speculative securities.
Related information about fiduciary abuse:
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or menacing conduct; fiduciary abuse; or omission or deprivation by a caretaker or another person of goods or services which are necessary to avoid physical or ...
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