Topic
Fraud
2,994 published works
Global Financial Regulatory Blog
UK Supreme Court Upholds First Successful Claim for Breach of Quincecare Duty
In a leading case, the Court examined the extent of the duty of care that a bank owes to its customers when executing their orders. By Andrea Monks and Nell…
Latham.London
Baking the Books — Recent Instances of Fraud Highlight the Need for Vigilance in M&A Deals
Buyers’ best defence against M&A fraud requires rigorous, pre-closing due diligence — when fraud is suspected, deal teams should seek legal advice and proceed with caution. Oliver Browne, Richard Butterwick, Alanna…
Global Regulation Tomorrow
CPMI toolkit for reducing risk of wholesale payments fraud related to endpoint security
On 22 October 2019, the Committee of Payments and Market Infrastructures (CPMI) published a toolkit to support central banks in reducing the risk of wholesale payments fraud related to endpoint…
Ride the Lightning
Spam Phone Calls From (NOT) A Virginia Court
As Virginia Lawyers Weekly (sub. req.) reported recently, an alert from the Office of Executive Secretary of the Supreme Court of Virginia warns the public about a telephone scam that…
Association Alert
AS-IS Clause Does Not Foreclose a Fraud Claim
By Daniel Miske
An AS IS exculpatory clause in a contract does not automatically relieve a party of any liability, especially where that party committed fraud to obtain the exculpatory clause. The Facts…
International Financial Law Prof Blog
Drexel University Admits Department Chair Used $189,062 of Federal Grants for Stripper Clubs and Sports Bars
Drexel University has agreed to pay the United States $189,062 to resolve potential liability under the False Claims Act for a former professor’s use of grant funds towards “gentlemen’s…
Insurance Law Hawaii
Insurance Agent Successful in Dismissing Insureds’ Claims for Fraud
The Federal District Court for Hawaii granted Moa Insurance Services Hawaii's (Moa) motion to dismiss the insureds' complaint alleging that they had been forced to purchase worthless surplus…
Nonprofit Law Prof Blog
GAO Recommends More Active Enforcement of Abusive Schemes Involving Tax Exempt Entities
From the GAO Highlights page of GAO-19-491, entitled "Tax Law Enforcement: IRS Could Better Leverage Existing Data to identify Abusive Schemes Involving Tax-Exempt Entities (September 2019):Why GAO Did This StudyAbusive…
Chicago Business Litigation Lawyer Blog
Purchaser of Defective Classic Car Can Sue North Carolina Auction Company for Fraud in Illinois
By Peter S. Lubin, Patrick Austermuehle
A purchaser of a classic 1973 Ford Bronco sued the car’s auctioneer in Illinois court. The purchaser alleged that the vendor committed fraud by misrepresenting the condition of the vehicle…
International Financial Law Prof Blog
Former City Of Detroit Building Authority Official Sentenced For Bribery Conspiracy In Connection With Hardest Hit Fund Demolition Program In Detroit
Aradondo Haskins, 48, the former Field Operations Manager for the City of Detroit Building Authority overseeing the demolition program in Detroit, was sentenced to one year in prison after having…