Scoring Our Choice Of The Year’s Number 1 Financial Fraud Law Issue

Over the past few days, we’ve taken a mid-year review of the top 10 financial fraud law issues we chose at the end of last year to see what’s what. There’s one left; we called it the “Changing Legal Landscape.” We believed then, and we strongly continue to believe now, that this indeed is the most important financial fraud law issue of the year. It's Number 1.

It was not that long ago that the world feared a second Great Depression – and there continues to be talk about a double-dip recession, or worse. Failing banks, bank fraud, growing bankruptcies, Madoff, mini-Madoffs (mini to all but those who are scammed), mortgage fraud, health care fraud, False Claims Act allegations, Foreign Corrupt Practices Act prosecutions, corruption and bribery and kickbacks, charity fraud, “excessive” compensation, insider trading, identity theft, Internet fraud, securities fraud, tax fraud, wire fraud, telemarketing fraud, white collar crime, and on and on and on and on.
 
There is one underlying reason for the fight on financial fraud: It is necessary. It will continue to be necessary, and it will affect every bank and financial institution, every corporation, every senior executive, every stockholder, every lawyer, every accountant, and every auditor for years and years to come.
 
We cover all of this and more (including the regulatory developments that have taken place already) here and in our print publication, the Financial Fraud Law Report. We’ll keep doing that, and we'll keep explaining it. It's not going to go away.