Legal Question in Credit and Debt Law in New Jersey

Reporting someone trying to defraud a credit card issuer

I was hired to consult on financial and business matters for someone who had inherited several million dollars. This client owed well over $100,000 to various credit cards and asked me to work on getting settlements for as little as possible. When I told the client that I thought this was unethical I was threatened and eventually dismissed. I feel the credit card companies should be made aware that this person is trying to screw them - but would that be illegal on my end?


Asked on 10/07/02, 2:05 pm

1 Answer from Attorneys
Geoffrey G. Gussis, Esq. Riker, Danzig LLP

Re: Reporting someone trying to defraud a credit card issuer

Don't waste any more of your time. Credit card companies often reach settlements with individuals regardless of assets because of the costs of collection. It sounds like you are a little embittered about the termination (and perhaps rightly so) but you do not want to get involved in any defamation or other tortious act that could result in a large judgment. Sometimes you cannot control who your clients are or what they want you to do - but you can always follow your instincts and decline further representation if they ask you to do something you are not comfortable with.

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Answered on 10/07/02, 2:55 pm


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