Winstead PC attorneys Joe Wielebinski, Toby Galloway and Mattias Kleinsasser authored the USA chapter in “CDR Essential Intelligence – Fraud, Asset Tracing & Recovery,” which is published by Global Legal Group.

The newly-published chapter provides comprehensive insight into the legal framework relating to fraud, asset tracing and recovery in the United States specifically. An excerpt is below.

Fraud, asset tracing and recovery always present challenges. Fortunately, in the U.S., the process is less problematic because we have the benefit of:

• Established common law and statutory law designed to protect against fraud;

• Well-developed case law interpreting the law;

• A well-trained and educated judiciary;

• Adherence to the Rule of Law;

• Effective criminal law enforcement authorities that assist with the pursuit of criminal wrongdoing; and

• A legal system that protects the parties’ rights while providing effective relief to victims of fraud and other illegalities.

The system is not perfect, and there are often limitations or restrictions that make the pursuit of fraud difficult, time-consuming and expensive. Nevertheless, the U.S. legal system is admired as one of the most effective for combating fraud. The intent of this article is to give the reader a better understanding of the U.S. legal framework relating to fraud, asset tracing and recovery.

Read the full chapter here.