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Law Firms Getting Scammed And What It Has To Do With China.

By Dan Harris and Steve Dickinson

If you are a lawyer, you have probably gotten one: an email from a company (usually in China, Hong Kong or Taiwan) saying they want to retain you to help them collect on debts owed to them by American companies. WATCH OUT. It is almost certainly a scam. And it works as follows: The company retains you to collect on its debts from some company and then that company very quickly agrees to settle and to send you a check. You get the check, deposit in your trust account and then send your client's share to it and retain your contingency fee. The problem arises a few weeks later when your bank reports the check to have been a counterfeit and you are on the hook. These emails are getting sent out every day and law firms are getting snared. For more on these scams, check out asiabizblog, which has been writing on these for a while.

Full post as published by China Law Blog on August 08, 2009 (boomark / email).