America’s Top Attorney on Combating Fraud, pg. 81
Angeles, CA has been ranked one of the top 2% of law firms
in the nation. The Boesch Law Group, and founder, Philip W.
Boesch Jr. have been involved in landmark cases including
the Michael Jackson wrongful death case. He won the “Num-
ber 1 Judgment in the Nation”, in the Anna Nicole Smith
case, and he and his firm have achieved unmatched success in
business and commercial litigation. The firm has successfully
handled many challenging and complex real estate problems.
In a recent telephone
interview, Boesch pointed
to “underperforming assets”
as the #1 underlying issue in
many of the legal cases being
brought to the firm.
Boesch explained fur-
ther that “under-performing
assets, combined with poor liquidity and poor expectations”
are frequently the root cause of cases where fraud is alleged.
When expectations aren’t met, and promises aren’t delivered
on, many pursue unsustainable short cuts. These short cuts put
many on the fast track to nowhere but the court room.
When asked what the single best defense to avoid the
temptation of committing fraud or becoming victim to it was,
Philip pointed out the value of an “experienced team for vet-
ting plans and reviewing prospectuses, up front”.
This goes beyond just an experienced real estate and busi-
ness attorney, to include tax advisors, financial planners and
wealth managers or business consultants too. Having multiple
sets of veteran eyes review and evaluate the strengths of a busi-
ness plan or financial projections can help identify and avoid
potential cash flow challenges and alert individuals to options
which could increase the potential of success.
On the most important first steps to take for those believing
“under-performing assets, combined with poor
liquidity and poor expectations” are frequently
the root cause of cases where fraud is alleged.”
they may be victims of fraud, Boesch recommends exercising
rights to “review books and records” including the “general
ledger and any available accounting software downloads such
as from Quickbooks.”
Many real estate project and investment opportunity pro-
moters and organizers may not want this information on public
display. It is wise for any investor to lean towards opportunities
Continued on pg. 110
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