Fake business cards, impostors at meetings and forged documents stamped with the company seal are behind what appears to be an elaborate scam that Lehman Brothers in Japan alleges bilked it of millions of dollars in vanished investment money. Lehman Brothers Holdings has brought a $350 million lawsuit in Tokyo against trading house Marubeni. The unfolding scandal, which has other alleged victims coming forward, is a major embarrassment for Lehman, which is struggling to assuage investor worries.
April 03, 2008 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Fake business cards, impostors at meetings and forged documents stamped with the company seal are behind what appears to be an elaborate scam that Lehman Brothers in Japan alleges bilked it of millions of dollars in vanished investment money.
The alleged fraud is at the center of a $350 million lawsuit Lehman Brothers Holdings Inc. filed Monday in Tokyo, which has ensnared one of the biggest names in Japan’s road to modernization and economic power — trading house Marubeni Corp.
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