Quick Response Ends Loan Fraud Claims

A lawyer for a bank wrote to an accountant, an inflammatory letter claiming that the accountant was a party to an underlying loan fraud. In less than eight hours,  Moss & Barnett (1) determined that the letter was likely authorized by a “rogue” loan officer, (2)  prepared a letter for the CPA with a detailed, point-by-point rebuttal of the charges, and (3) helped the CPA arrange to meet with the bank’s president and present his side of the claim, along with the letter.  

Bottom line: The bank dropped the entire matter.