Law firm Akerman yesterday announced the launch of a new national Fraud & Recovery Practice Group, a multidisciplinary legal team devoted exclusively to fraud and recovery.
The new team leverages the combined strengths of lawyers from the firm's litigation, healthcare, bankruptcy, and data law practices, including a formidable group of trial and appellate lawyers with substantial experience litigating fraud cases in state and federal courts throughout the United States. Together the group provides comprehensive fraud management services for large insurance companies and self-insured retailers, including detection, investigation, and litigation of complex schemes and unfair and deceptive practices. The team also handles corporate theft and recovery after data breach, with a focus on financial losses, and has particular experience in all aspects of liquidating Ponzi schemes.
The group is led by co-chairs, David Spector, who has reshaped case law in affirmative fraud investigation and litigation, and Michael Goldberg, who is qualified as an expert witness on Ponzi schemes and has liquidated some of the largest recoveries in U.S. history.
"Driven by growing client demand, our team is dedicated to representing clients under constant threat of increasingly sophisticated and complex schemes," Spector said. "We have integrated our longtime investigatory and litigation capabilities with a deep industry knowledge to aggressively address and neutralize losses for our clients, as well as prevent future losses."
The formation of the practice group comes at a time of a significant increase in a variety of organized schemes against insurers, financial institutions, self-insured retailers and other businesses targeted by those perpetrating personal injury, health insurance and property and casualty fraud. Awareness and prosecution of investor fraud and Ponzi schemes also have risen in recent years following several high-profile matters, and the firm has significant experience in assisting victims who suffer such losses.
In the insurance and healthcare sectors, the Akerman Fraud & Recovery Practice Group has a deep understanding of the claims process, applicable provider regulatory requirements, and risks facing substantial payers. The team includes board-certified healthcare lawyers to analyze medical protocols and identify patterns of illegitimate activity that point to fraud.