The conversion (misappropriation) of property or money with which one is entrusted or for which one has a fiduciary responsibility is called ______________.

Question

Quizplus · Accepted Answer

Embezzlement is the conversion (misappropriation) of property or money with which one is entrusted or for which one has a fiduciary responsibility. Churning is excessive trading of securities by a broker to generate commissions, insider trading is buying or selling a security based on information that is not available to the public, stock manipulation is artificially inflating or deflating the price of a security through fraudulent methods, and fraud is intentionally deceiving someone for personal or financial gain.

The Conversion (Misappropriation) of Property or Money with Which One