What is the difference between civil fraud and breach of fiduciary duty?

Civil fraud and breach of fiduciary duty are two legal concepts that are related but not identical. Civil fraud involves deceptive or wrongful conduct that is designed to cause financial loss or harm to another person. This includes activities such as making false representations, engaging in false advertising, or breaching contractual obligations. Breach of fiduciary duty is a breach of the duty of care that is owed to another party. This duty of care arises from a special relationship between two parties, such as a company and its shareholder, or an attorney and his client. It is the responsibility of the fiduciary (or the party with the responsibility of care) to act in the best interests of the other party, and failure to do so is a breach of fiduciary duty. In short, the primary difference between civil fraud and breach of fiduciary duty is that the former involves wrongful or deceptive conduct while the latter involves a special relationship between two parties and a breach of duty of care. In New York, civil fraud is a serious offense and can result in hefty fines and/or jail time if someone is found guilty of it. Breach of fiduciary duty is also a serious offense, but it generally only results in civil penalties such as monetary damages or injunctions.

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What is the difference between civil fraud and breach of fiduciary duty?

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