Securities Law Doppelgängers

Over the years, I’ve noted that a number of evil twins have walked the corporate securities law stage.

Other People’s Money

O.P.M. Leasing Services, Inc. was a large computer leasing company that crashed into bankruptcy on March 11, 1981. Eventually, O.P.M.’s two founders were each sentenced to prison for a financial fraud that reportedly involved over $200 million. One of the founders named the firm based on the claim by Aristotle Onassis that that he made his money with “other people’s money”. David Sarna, The History of Greed, 44 (2010)...

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Published In: Administrative Agency Updates, Business Organization Updates, Business Torts Updates, Criminal Law Updates, Securities 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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