For most of this year, Securities and Exchange Commission lawyers in San Francisco have been busy busting the bilkers, pension milkers and Ponzi schemers of the world.
This of course was a great thing for the agency’s image, which had been seriously tarnished by Bernie Madoff in New York. There also is no arguing that this is a good thing for investors, to track those insidious scammers. But for white-collar defense lawyers at big firms, it’s no good at all, for one reason: (Alleged) Ponzi schemers can’t pay the big rates because all their assets are frozen and they have no insurance to pay the legal bills.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
