Fraudulent Conversion

Definition of Fraudulent Conversion

Receiving into possession money or property of another and fraudulently withholding, converting, or applying the same to or for one’s own use and benefit, or to use and benefit of any person other than the one to whom the money or property belongs. See Conversion.

That's the definition of Fraudulent Conversion in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.