What is a federal constructive trust?

Answer by  FinanceGuy98 (57)

A constructive trust occurs when a court transfers ownership of property from one entity to another, because the former has acquired it unjustly, such as through fraud. A federal court will impose a constructive trust where there are federal interests at stake in remedying the unjust enrichment.

Answer by  MSchmahl (7)

A constructive trust is a trust that is assumed to exist when one party inequitably gains legal title to a property that equitably belongs to another. It is created when the first party breaches a fiduciary duty to a second party. It arises in cases of bribery, embezzlement, and unjust enrichment.

Answer by  MoustacheLawyer (13)

A constructive trust is a court imposed transfer of title and property from one party to another. They are used in cases of unjust enrichment and interference.