Ruth Madoff's conduct included "fraudulent conveyances, breaches of fiduciary duties, conversions, and other wrongdoings."
Those troublesome 65- and 66-year-olds, of course, raise not merely a fiduciary question, but a moral one.
So, no, I would not entrust my money to them, because it is clear that they do not feel any fiduciary responsibility to me.
It needs transparency, capital requirements and fidelity to fiduciary duty.
For thousands of years Egypt used ingots, not real money, but it was acquainted with fiduciary money.
Had the government entered the market openly as a seller of its own fiduciary notes, its credit must have suffered.
There is another kind of guardianship known as fiduciary guardianship, which arises in the following manner.
They have since been transmitted as a sacred deposit from one fiduciary executor to another.
We now proceed to fiduciary bequests or trusts; and let us begin with trust inheritances.
In similar fashion English equity worked out a standard of fair conduct on the part of a fiduciary.
1630s, from Latin fiduciarius "(holding) in trust," from fiducia "trust" from root of fidere "to trust" (see faith). In Roman law, fiducia was "a right transferred in trust;" paper currency sense (1878) is because its value depends on the trust of the public. As a noun, from 1630s.