 The Wild Wild World of Wealth |  |
With this question in mind, I offer the “Top Ten Ways to Spot Financial Fraud.” The list won’t make Letterman. But the purpose isn’t to be funny. It’s to help you identify the bad guys through “touch and feel” rather than in-depth knowledge of the capital markets.
In Dallas, attorneys have petitioned the courts to free $10 million of Allen Stanford’s frozen assets. This sum will pay about half his legal fees. Lawyers further estimate that ligation costs will exceed $20 million by the time all the snarling stops and there is peace, or at least resolution, among the various parties. I can’t help but wonder:
What’s the fair cost of representation?
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