White-Collar News from 500 Pearl Street: For Ponzi’d Investors, There’s A Future In Suicide
Posted On August 28, 2013
Reading Time: < 1 minutes.
Reading Time: < 1 minutes.
Today’s collection of white-collar stories from Walt Pavlo, here — 500 Pearl Street
In particular, note the story about the alleged Ponzi schemer who tried to placate investors by offering to name them as beneficiaries on a life-insurance policy; wait out the two-year suicide clause; then kill himself. One wonders what kind of retainer he offered when he was hiring counsel.