Investors in Madoff Securities and FTX were both warned, but by different sets of people.
If it turns out to be true that without customer knowledge FTX took billions of dollars of customer account money to invest in a risky company owned by FTX’s CEO, this will truly compare to the Madoff scheme for audacious
The longer you investigate people, the more bad behavior you will be able to talk about. But there is little I have encountered in my work that is more sickening than deed fraud – the subject of a recent case we had.
A form of identity
The New York Times published in interesting piece this week that was among its most popular: I Shared My Phone Number. I Learned I Shouldn’t Have.
In it, the paper’s personal tech columnist Brian X. Chen explained how much information people can get about you with just your phone number. This includes “my current
Great work by the Atlanta Journal Constitution on an issue that’s bugged me for years: the brazen violation of federal law by investigators and the lawyers who hire them.
At issue is the Gramm Leach Bliley Act, meant to protect the confidentiality of banking records. You are not allowed to pretend to be someone
The non-legal press doesn’t usually get very deep into questions of legal ethics, but New York Magazine did a reasonable job of it in its hard-hitting piece this week on “The Bad, Good Lawyer” David Boies.
The article asks whether Boies has crossed an ethical line, principally in his work on behalf of Harvey Weinstein
Artificial intelligence doesn’t equal artificial perfection. I have argued for a while now both on this blog and in a forthcoming law review article here that lawyers (and the investigators who work for them) have little to fear and much to gain as artificial intelligence gets smarter.
Computers may be able to do a lot
There is a huge branch of the “fake news” business that gets no attention at all: the fake news consumed each day by corporate America that has nothing to do with politics, but everything to do with business – the bulk of the $18 trillion U.S. economy.
We’ve been sorting through this kind of thing
We pretty regularly find ourselves blogging about small business owners that draw people into scams. We’ve seen the would-be movie executive, the sweet-talking investment solicitor, the landscaper and the produce company owner. Too often, we find that defrauded consumers and investors could have avoided their losses by doing some basic due diligence.
Due diligence is all about following up on red flags, but if you don’t find them, there’s nothing on which to follow up.
Thus, our tireless refrain: turn over every piece of public record information you can about a person, and don’t leave it to others.
We were reminded of this by the story this