Fraud Playing Offense: Red Flags and Defense Tactics to Avoid Getting Burned
Date: January 27th, 2022
Time: 10:30 AM to 12:00 PM CST; 11:30 AM to 1:00 PM EST
Price: Members- $39.00 Non-members- $69.00
Location: Live Webinar (online)
Description:
Everyone is familiar with the big-name corporate and financial frauds that make national news. But although high-profile names like Enron and Madoff make headlines, businesses like yours are getting hit day after day with schemes and scams that are less obvious but every bit as onerous. From traditional financial statement fraud, to sophisticated e-mail spoofing schemes, to “old school” credit fraud tactics such as same name and ship-to scams, devious charlatans are just a mouse click away from wreaking havoc on your bottom line – and, in some instances, even the viability of your business as a whole. This program deals with credit and payment fraud, the schemes modern fraudsters frequently employ, red flags and warning signs, and the defensive tactics, tips, and tools to protect yourself and your business from the havoc that fraudsters seek to create. The program also deals with increased fraud risk arising from remote work and actual fraud war stories by credit professionals. The results of prior polling of trade creditors on fraud issues will also be discussed.
Bio:
Bruce S. Nathan, Esq., Partner, Lowenstein Sandler LLP
With more than 35 years of experience in the bankruptcy and insolvency field, Bruce is a recognized leader nationwide in trade creditor rights and the representation of trade creditors in bankruptcy and other legal matters. He has represented trade and other unsecured creditors, unsecured creditors' committees, secured creditors, and other interested parties in many of the larger Chapter 11 cases that have been filed. Bruce also handles letters of credit, guarantees, security, consignment, bailment, tolling, and other agreements and legal credit issues for the credit departments of institutional clients.
Among his various legal recognitions, Bruce received the Top Hat Award in 2011, a prestigious annual award honoring extraordinary executives and professionals in the credit industry. He was co-chair of the Avoiding Powers Committee that worked with the American Bankruptcy Institute's (ABI) Commission to Study the Reform of Chapter 11, participated in ABI's Great Debates at their 2010 Annual Spring Meeting–arguing against repeal of the special BAPCPA protections for goods providers and commercial lessors–and was a panelist for a session sponsored by ABI. He is a frequent presenter at industry conferences throughout the country, as well as a prolific author regarding bankruptcy and creditors' rights topics in various legal and trade publications.
Bruce is a co-author of "Trade Creditor Remedies Manual: Trade Creditors' Rights under the UCC and the U.S Bankruptcy Code," published by ABI at the end of 2011. He has also contributed to ABI Journal and is a former member of ABI's Board of Directors and former co-chair of ABI's Unsecured Trade Creditors Committee.
Andrew Behlmann, Esq., Partner, Lowenstein Sandler LLP
Andrew leverages his background in corporate finance and management to approach restructuring problems, both in and out of court, from a practical, results-oriented perspective. With a focus on building consensus among multiple parties that have competing priorities, Andrew is equally at home both in and out of the courtroom, and he has a track record of turning financial distress into positive business outcomes. Clients value his counsel in complex Chapter 11 cases, where he represents debtors, creditors' committees, purchasers, and investors.
Andrew writes and speaks frequently about bankruptcy matters and financial issues. Before becoming a lawyer, he worked in senior financial management at a midsize, privately held company.
Thank you to NACM Commerical Services for their partnership.