Crime / Fidelity
In its most basic form, a fidelity bond (or crime policy) protects an organization from financial losses caused by an employee’s dishonest misconduct. Our experience in this area ranges from representing large international banks seeking to recover substantial Ponzi scheme losses to representing businesses in contractor overcharging scandals facilitated through the help of a company insider.
See Insurance Coverage for Employee Theft – The Making of a Thief. Crime policies, however, are not limited to financial fraud coverage. They also cover credit card forgery, computer fraud, and social engineering cyber-attacks.
Latest Results
Represented major bank in litigation to recover over $300 million in connection with Ponzi Scheme involving multiple bank employees.
Litigated and recovered losses suffered by a large bank resulting from the activities of a mortgage origination and servicing company.
Litigated and settled bond case involving large scale fraud perpetrated by former business owners of an armored car company.
Recovered under crime bond amounts that former Vice President of Construction siphoned from ongoing construction projects on behalf of $20 billion media company.
Recovered contractor overcharging amounts under crime bond where contractor was in collusion with company employees.
