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um i recently handled a case where um my
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client purchased a business
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and prior to the sale was doing his due
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diligence was provided all these
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financial records and he ended up
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purchasing the business later on he
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realized that the seller had
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misrepresented a bunch of key financial
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facts about the business the expenses as
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represented to him weren’t the actual
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expenses that he would uh that he would
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need to pay to run the business in fact
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she had multiple businesses and was
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paying for some of her employees to her
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other businesses to keep those book
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those records off the books so that was
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an intentional misrepresentation about
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the financial conditions of the business
00:42
that my client purchased and as a result
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he suffered damages
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Austin, TX commercial litigation attorney John R. McConnell shares the story of a memorable fraud case he handled.