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American Juris Society

This 250-Lawyer Firm Had Exactly One Partner… And He Was Running A $700 Million Fraud

Ed. Note: Welcome to our daily feature Trivia Question of the Day!

Which now-defunct Manhattan law firm, with roughly 250 lawyers and offices in five cities, wasn’t a partnership in the usual sense: it had a single equity partner, who was secretly running one of the great frauds in legal history behind it, peddling hundreds of millions of dollars in fake promissory notes to hedge funds?

Hint: In 2008, the firm founder was arrested in Toronto, for impersonating a pension-fund official in order to sell yet more phony notes, and his firm imploded within days.

See the answer on the next page.

The post This 250-Lawyer Firm Had Exactly One Partner… And He Was Running A $700 Million Fraud appeared first on Above the Law.

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