Accounting Synectic Ventures, et al. v. Berkman, et al

May 12th, 2015
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Michigan State University
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Accountants and lawyers take note. A small civil lawsuit unfolding in a Portland, Ore., circuit court this week might raise concerns for professional advisers engaged by corporations and their shareholders.

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Accountants and lawyers take note. A small civil lawsuit unfolding in a Portland, Ore., circuit court this week might raise concerns for professional advisers engaged by corporations and their shareholders. In the case (Synectic Ventures, et al. v. Berkman, et al.), a local venture capitalist named Craig L. Berkman is being sued by a group of investors who claim he engaged in an elaborate Ponzi-like scheme to divert more than $9 million of their $75 million in investment funds for his own personal gain. But of greater interest, the plaintiffs-including a large Canadian pension fund-are also s

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