Bank Fraud Fiduciary Duty Case Law Firm in Lakeland, FL
Since it’s considered a fiduciary, the primary purpose of a bank is to manage and care for the property of others. Unfortunately, they don’t always succeed in that purpose. The Pansler Law Firm is here to help residents of the Lakeland, FL area who have been victims of bank mismanagement hold the responsible party accountable under the law.
In cases of bank fraud that involve fiduciary duties, the bank can be found liable if it knowingly participates or benefits from a breach of fiduciary duty. Some examples of this are the following:
- A fiduciary uses funds from another’s trust account for personal use
- The fiduciary purposely invests money in ways that are not in the best interest of the beneficiary
- A fiduciary uses their position to unfairly gain an advantage
All banks are obligated under the law to make sure that all transactions involving fiduciaries are conducted in accordance with the fiduciary’s duties. If it has prior knowledge of a breach of fiduciary duty, it cannot legally act as a holder in due course, and may be held liable for any losses that may result.
Proving Fiduciary Duty Breaches Under the Law
In order to show a breach of fiduciary duty, the plaintiff must establish the following:
- A fiduciary duty exists
- That fiduciary duty was breached
- Injury resulted proximately from the breach
Request a Consultation
Bank fraud fiduciary duty cases are often very complicated and take a lot of time and effort to prove in a court of law. Therefore, it’s best to have an experienced and skilled attorney on your side. In the Lakeland, FL area, that attorney can be found at the Pansler Law Firm. We give all cases we take on the proper time and attention, so you can be sure you’re getting extremely sound legal representation.
If you think you may have been a victim of bank fraud through fiduciary duty, we encourage you to contact our Lakeland-based law firm to request a consultation.