Fraud (The Other "F" Word): An Illustrative and Cautionary Tale
October 14, 2018
An asset-based lender’s recurring nightmare is learning that a long-standing borrower, who never missed a payment, begins to act strangely and, upon closer examination, it is discovered that the borrowing base reporting is false, the inventory is non-existent, and the receivables fictitious. Read this compelling story of fraud and what a lender can do to avoid it by Otterbourg partner, Richard Haddad, here.