Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Op-ed: Consider the law of unintended consequences
Are you an attorney taking stock in client companies? If so, pay attention.
A few days ago as I was considering the topic for this week’s blog, one particular story caught my attention. “Microcap Financier Charged in $300M Securities Fraud,” was the headline of an article written by Bill Meagher at TheStreet. It covered news that Darren Ofsink, a corporate attorney in New York, was charged with conspiracy to commit fraud in connection with a public company called CodeSmart.
As a matter of being honest and transparent, the story caught my attention in large part because of my friendship and respect for Darren, who I’ve known for years and who in my own interactions has never offered me anything but the most conservative business and legal advice. As I dug into the allegations and read the formal complaint, the case took on more than a personal interest and I wanted to make sure that people employed in the business of raisin