Law Firms Remain Juicy Targets

Okay, forego the lawyer jokes for a second, and read.  Last spring, a Long Beach law firm received an e-mail from a Hong Kong businessman seeking help collecting debts from American customers.  An attorney with the firm saw a great opportunity to reel in more business during the economic downturn and agreed to help.  After a month of signing paperwork and exchanging telephone calls with his client, the attorney received word from one debtor who sent a $200,000 cashier’s check to pay off his oustanding balance.  The attorney deposited it in his firm’s account, subtracted his $10,000 fee and wired the remaining amount to his Hong Kong client.