TYPICAL CASE EXAMPLE

1. Investment Fraud

A promoter invests $ 400,000 for two dentists telling them that they will receive millions on their investment in ten years in time for retirement. The promoter secured their investments with real estate and trust deeds but during the investment process (since the promoter has a power of attorney) the secured assets disappear and are commingled with other companies the promoter owns.

Great White took the case, encumbered assets of the promoter through counsel,  contacted other investors, creditors, federal and state agencies . The promoter, fearing that his activities would be made public or attract the attention of investigative authorities settled the matter.

In other cases,  promoters paid up when faced with potential prison sentences or after being arrested or after seeing their co-conspirators such as relatives sued for accessory liability.

Remember:  “Fear Motivates”

When sufficient facts to establish theft are established, and if approved by CPAs a fraud loss deduction can be claimed that often returns 30% of the lost principal to the victim.  Facts and circumstances vary however and independent professional advice is suggested.