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Paul Zimmerman
pzimmerman@mrllp.com
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Showing 5 posts in Financial Services.

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5 Key Considerations When Starting Your Cannabusiness

The estimate is staggering: $30,000,000,000. That’s a lot of zeros and a forecast of annual legal cannabis sales by 2025—this as more and more states legalize marijuana for medical or recreational use. No question, the cannabis business is booming, which is something of a given. Less obvious is what you, as a budding cannabusiness entrepreneur, should consider in making cannabis your business. Toward that end, there’s a broad range of issues to think about. (Read More)

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Senate Introduces Cyberthreat Data Sharing Legislation

On Wednesday, February 11, The Cyber Threat Sharing Act of 2015 was introduced in the U.S. Senate. The bill is aimed at improving cybersecurity for both the private and public sectors, through the increase of shared cyberthreat data and communication between both sectors. (Read more)

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SUPERVALU Experiences Criminal Intrusion in Computer Network

One of the largest grocery wholesalers and retailers in the U.S., SUPERVALU, recently experienced a criminal intrusion into its computer network. The perpetrators targeted the part of the network that processes payment card transactions. The intrusion may have resulted in the theft of account numbers, and other information associated with payment cards used at some of SUPERVALU’s owned and franchised stores. (Read More)

Financial Services
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How to Avoid Ponzi Purgatory: Careful Diligence Helps Banks Stay Away from Schemers

Since the global recession of 2009, the doors on many Ponzi schemes, like the one orchestrated by the infamous Bernie Madoff, have been blown wide open. 

The country’s financial crisis, in conjunction with vast media attention, resulted in the unraveling of a host of these kinds of investment scams.  Ponzi schemes are fraudulent arrangements whereby a new investor’s money is used to pay a promised return to previous investors. 

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Financial Services
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Defrauded Investors Pursue Recovery from Financial Institutions for Ponzi Schemes

Since the beginning of the Great Recession, Ponzi schemes, like the one orchestrated by the infamous Bernie Madoff, have been exposed with some regularity. Because of their “rob Peter to pay Paul” nature, the disintegration of Ponzi schemes usually leaves their defrauded investors with little to no assets for recovery. (Read More)