Pravin Rao Quoted on Defending Ponzi Scheme Allegations

Pravin Rao was quoted extensively in a recent National Law Journal article on defending fraud allegations labeled a Ponzi scheme by prosecutors. The first thing the defense should question is whether it truly is a Ponzi scheme, Rao said. "I think the defense wants to work away from the stigma of Ponzi right now. The second step is to unravel the finances, because they can be so document-intensive. If you're talking about multiple accounts and foreign accounts, there may be no other way as a defense attorney but to hire a forensic accountant."