Will economic hardship mean more client/law-firm fraud?

Posted on January 5, 2009 by Gerry Riskin

Perhaps these troubled times will motivate more attempts to defraud law firms - Managing Partners, what have you done to strengthen security lately?

Client Reportedly Scams $1M from Philippine Law Firm

 

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Mitch Kowalski - January 6, 2009 2:44 PM

Gerry,

Happy New Year!

My fear is that, due to the economic conditions, fraudsters will prey upon lawyers who are barely making a living. Some of these lawyers will, for a price, allow themselves to be dupes in connection with fraudulent activity. We have seen many lawyers becoming involved with real estate fraud in Ontario - and it may only get worse as work becomes scarce.

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