Fraud Victims: Unlocking Multiple Paths to Recovery

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🔍 Investigating Fraud: Finding Deep Pockets for Recovery
In this episode, we discuss strategies for recovering lost funds in fraud cases by identifying third-party liabilities. Key points include:
  • Primary Fraudster Assets: Recovering from the direct perpetrator (bank accounts, real estate, vehicles).
  • Third-Party Liability: Exploring nominee trustees, banks, advertisers, and endorsers who may be held accountable.
  • Legal Precedents:
    • Scott Rothstein Case: Banks held liable for administrative errors.
    • Bernie Madoff Case: Third-party claims led to full victim compensation.
    • FTX Scandal: Lawsuits against celebrity endorsers and corporate partners.
    • Jeffrey Epstein Case: Banks sued for allegedly enabling the crimes.
  • Extending/Enabling Fraud: Legal theories that hold third parties accountable for negligence.
  • Who Can Be Liable?: Accountants, salespeople, employment agencies, landlords, and even advertisers.
  • Insurance Policies: Many third parties have insurance that may cover victim compensation.
đź’ˇ Key Takeaway: If you're a fraud victim, don’t just focus on the scammer—cast a wide net for potential recovery sources. Consult with a qualified attorney to explore all legal avenues. 
Fraud Victims: Unlocking Multiple Paths to Recovery
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