MEMBER ARTICLE: Can the UCC's Provisions Protecting Check Writers from Fraud Also Protect Them from Ponzi Schemes?

Published in November 2010 issue of Michigan Bar Journal.

Authors: Richard W. Paige and Moheeb H. Murray of Bush Seyforth Paige

Summary: Ponzi scheme victims cannot rely on the UCC to recoup lost investments from their banks.

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Published In: Business Organization Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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