Ponzi Scheme Lawyers Losing Privilege ?
How far does privilege go when lawyers apparently have knowledge of a Ponzi scheme? Perhaps not far enough to block a duty to speak, according to an appellate court in Canada, and a McCarthy Tretualt article. The fact pattern is unusual because the suit at issue is against a law firm that represented both the Ponzi scheme defendants and an investor in a company that was part of a scheme. The investor client sought securities advice related to the businesses in the alleged Pon