"This week, James filed a lawsuit against a series of familiar, but not quite right, corporate entities: Sullivan & Cromwell LLC, Sullivan & Cromwel LLC, Sullivan & Kromwell LLC, Sullivan & Kromwel LLC, Sullivan & Cromwelll LLC, Sullivann & Cromwell LLC, and Sulivan & Cromwel LLC, under a state law that allows the AG to sue entities that "engage in repeated fraudulent or illegal acts or otherwise demonstrate persistent fraud or illegality in the carrying on, conducting or transaction of business.""
"According to the complaint, the scammers behind these suspiciously named companies cashed almost $500,000 in checks intended for the Biglaw firm. The checks, issued by firm clients, were stolen and altered ever-so slightly to the fraudulent company's name. Two altered checks were cleared by JP MorganChase, but a third, made payable to "Sullivan & Kromwell" didn't pass the sniff test."
New York Attorney General Letitia James filed suit against multiple entities whose names closely mimic Sullivan & Cromwell LLP, listing several near-identical corporate names. The complaint alleges scammers stole client-issued checks and altered the payee names, cashing almost $500,000 through the fraudulent entities. Two altered checks were cleared by JP MorganChase, while a third, payable to "Sullivan & Kromwell," was rejected. The fraudulent entities reportedly used Sullivan & Cromwell's address as their registered addresses without permission. The AG seeks dissolution of the entities and court orders blocking further fraudulent conduct.
Read at Above the Law
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