Diamond McCarthy's Kathy Bazoian Phelps Quoted in Business Insider
March 13, 2019
Diamond McCarthy Senior Counsel Kathy Bazoian Phelps was recently quoted in Business Insider’s article, “The world’s first embezzlement insurance looks to protect rich investors from Ponzi schemes like Madoff”.
Approached for authoring multiple books on Ponzi schemes and her legal expertise, Phelps shared her thoughts on a newly launched insurance company that seeks to protect wealthy individual investors from Ponzi schemes.
While the concept is the first of its kind and “a good start,” Phelps believes the product is bound to have its limits on coverage and that those who purchase this type of insurance need to be aware of and understand the scope of the policy.
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