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Law::
breach of trust : a violation by a trustee of the duty imposed upon him by the instrument creating the trust • abuse of confidence <[quasi trustee is] a person who reaps a benefit from a breach of trust, and so becomes answerable as a trustee – JBS> • defalcation : The act of a defaulter; act of embezzling; failure to meet an obligation; misappropriation of trust funds or money held in a fiduciary capacity; failure to properly account for such funds. Commonly spoken of officers or corporations or public officials. H.C. Black • fraudulent conversion : Receiving into possession money or property of another and fraudulently withholding, converting, or applying the same to or for one’s own use and benefit, or to use and benefit of any person other than the one to whom the money or property belongs. HCB
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