An Overview of the Technology and Business Services Used to Commit Fraud

Block & Landsman by Block & Landsman

A closeup of using a tablet, business litigationContemporary technology and business services grant the modern fraudster unparalleled access to business accounts and sensitive information. Modern technology allows companies to work with partners spread out across the country and the world to reduce costs, improve efficiency, and compete effectively. However, greater connectivity also enables criminals to disguise their actions, access an unprecedented amount of information, and target victims hundreds of miles away. This post will discuss some of the pitfalls associated with modern busine...Read More

Telltale Signs of a Pyramid Scheme

Block & Landsman by Block & Landsman

A close up of writing, investment fraudPyramid schemes promise fast, high returns for the sale of non-existent products or services. Investors and victims of pyramid schemes typically lose large sums of money that can only be recouped through legal recourse with an investment fraud attorney. Classic Pyramid Schemes In classic pyramid schemes, original investors make money by recruiting new investors into the program. Although pyramid schemes take different forms, eventually they all collapse when money runs out. Pyramid schemes have classic telltale signs that signal red flags...Read More

Bad Blood Spilled Between Theranos Inc. & Consumers

Block & Landsman by Block & Landsman

Holding a card with customer sign, consumer fraudPalo Alto-based Theranos Inc. made headlines with their promises of rapid, inexpensive blood screening services, but the company is now accused of perpetrating massive consumer fraud. The promised service sounded good on paper; as of 2014, the company had raised more than $400 million in investment capital, which helped drive the value of the company to over $9 billion. However, subsequent studies conducted by the FDA and independent investigators determined that Theranos Inc.'s products did not function the way they were advertised. Following ...Read More

When White Collar Crime Affects Your Business

Block & Landsman by Block & Landsman

A person with handcuffs, business litigationEvery year, hundreds of businesses become the victims of white-collar crimes committed by the very professionals working for them. According to the Association of Certified Fraud Examiners (ACFE), in a single case of white-collar occupational fraud the median loss was $145,000. That cost can be detrimental to a business - small or large. In Chicago, businesses that are victims of professional fraud should contact a business litigation lawyer to learn how to seek justice for their losses. White Collar Crimes in Business As a possible vic...Read More