A lawyer at Taiwan’s largest law firm, Lee & Li, just made off with NT$3 billion of a client’s money. Apparently he was employed there since 1989 and worked in their Investments department. According to Bloomberg, the guy made an unauthorized sale of a client’s stock (a US tech company), asked for a 12 month leave of absence and disappeared with the money.
Despite other shenanigans over the years, Lee & Li has long considered itself to be superior to other firms but this might actually tarnish their reputation. One senior partner was quoted as saying the loss of money won’t affect the firm (sure whatever you say) but the fact it was embezzled hurts. Couldn’t happen to a nicer bunch of guys.