Home | Business News | Browse by Publication | M | Mergers & Acquisitions: The Dealmaker's Journal

Does the M&A Space Have a Madoff in its Midst? With capital drying up, it is only a matter of time before fraud starts showing up in the merger market.

Publication: Mergers & Acquisitions: The Dealmaker's Journal
Publication Date: 01-FEB-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Ken MacFadyen

As the desiccation of liquidity exposes businesses and financial firms, instances of fraud, both on a grand scale and relatively minor offenses, seem to be emerging on a daily basis. Bernard Madoff's ponzi scheme is obviously the most talked about transgression in recent months, though similar cases involving lawyer Marc Dreier, venture capitalist William "Boots" Del Biaggio, and Illinois Governor Rod Blagojevich has given the CSI set more scams than they can handle in a given news cycle. The M&A market, while spared of any major hoaxes so far in 2009, is by no means immune.

"In good times people steal; in bad times people really steal," Joseph Spinelli, co-founder and chief operating officer at Daylight Forensic & Advisory, tells Mergers & Acquisitions.

Yogesh Bahl, a partner at Deloitte Financial Advisory Services LLP, notes that financial...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Mergers & Acquisitions: The Dealmaker's Journal
Downsized; Private equity firms are laying off employees as the credit..., February 01, 2009
Considering the Unthinkable; In the spirit of compromise, a few GPs ha..., February 01, 2009
Strategics Reverse Course; Reverse breakup fees were once considered j..., February 01, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.