Unedited 3/13/09
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Complex transaction scams abound in small businesses and large. They run from the unethical to the illegal. The object of a scam here is to make the terms of a contract or policy so complex that it would be difficult for a client to make a case in court against the businessman. Additionally, the more complex an agreement is the less responsible the businessperson needs to be in executing the contract. In other words, fraud is difficult to prove in court because it is sufficiently complex to put an average juror to sleep. One can see the effects of this in the Hedge Fund Scandal where the writers made the terms of agreement so complex few could fraud in court.

Note:

• Constructive Fraud
• Cunning
• Leading the Client to False Expectations
• Snowing the Client

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Dianic Publications