Culture eats strategy for breakfast. Peter Drucker

- The Standard Oil scandal, 1911.
- The Big Tobacco scandal, 1998.
- The Enron scandal, 2001.
- The WorldCom scandal, 2002.
- The IndyMac, AIG, Lehman Brothers, Bear Stearns, scandals, 2008.
- The Bernard L. Madoff Investment Securities scandal, 2008.

- The Theranos scandal, 2018.
- The FTX scandal, 2022.
Those were cases where startups had very high-profile investors and grand ambitions that went awry and, very obviously, went beyond the lofty ambitions of fake-it-till-you-make-it and entered into the realm of fraud.

The director of the SEC's San Francisco office said in the statement of one of the charges, pretty much amounting to startup founders cannot fake it until they make it by falsifying revenue metrics shared with investors.

Read WSJ

What are we thinking about for lawyers?

As a partner at a whistleblower law firm

I want to understand what loopholes and gaps in the law are being exploited for shady schemes that cost the government money, in order to attract a new generation of whistleblowers.

As a partner at a shareholder plaintiff firm

I want to understand what schemes exist that cause harm to shareholders and how to recognize when my clients have been targeted, so that I can prepare and launch a new practice at the firm focused on long-term, high-stakes investments.

As a partner at a class action law firm

I want to understand what types of schemes exist that harm consumers and private businesses, how to organize the process of identifying victims, how to manage projects, and what control points should be established in order to prepare and launch a new practice area at the firm.

As a partner in litigation funding firms

I want to understand what new types of cases will soon emerge, how to evaluate them and what returns they might generate, and which whistleblower law firms, shareholder plaintiff firms, and class action law firms could be potential partners, in order to prepare and launch a new investment segment within the firm.

Discover potential cases of PSDA corporate fraud

On 1 October 2026, Colin McDonald, Assistant Attorney General for the DOJ’s newly created National Fraud Enforcement Division, issued Directive 26-12: Corporate Enforcement in the Fight Against Fraud.

Let Ambixer, the think tank for institutional investors, introduce its discovery of a whole new class of assets. PSDA - Parasitic Shadow Derivative Assets

According to Vlad Shevtsov, the parasite is a private company that feeds off the money flowing in and out of the host company's business processes. This harms the host company, which is usually public, and takes money from its institutional shareholders.