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Answer :
In this case, Pete is guilty of: Theft
An action will be considered as 'theft' if that person take something that does not legally belong to them without the owner's permission.
When pete used the fiduciary fund for his own use, he took the money from trust owner without that owner's permission.
An action will be considered as 'theft' if that person take something that does not legally belong to them without the owner's permission.
When pete used the fiduciary fund for his own use, he took the money from trust owner without that owner's permission.
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