- Geeklawyer was perusing legal businesses for sale yesterday on a website normally offering solicitors practices for £500k a pop or suchlike. Then he stumbled upon an absolute howler:
“Business description
Whistleblowing Agency
Initial caseload derived from United States based Corporate Criminal Payroll Under-reportingLocation: London
Asking price �20M
Current Caseload Value: �2Bn
Asking price includes:Forecast revenues of circa �24,000M FY 2009
Exclusive case load arrangements
Outstanding opportunity to grow
Unique acquisition opportunity
Net profits circa 70% FY 2009
This exceptional business opportunity has been established to provide a confidential agency and advisory service to company employees (clients) seeking information and advice concerning Payroll Under-reporting; to provide a “one stop shop” for all enquiries and persons with evidence of under-reporting and to negotiate the ensuing reward on their behalf with the relevant legal authorities for those who become whistleblowers.
The business derives its fees taken as a percentage from each individual reward amount.
There is a macro economic problem within the USA called ‘payroll under-reporting’ where …”
To Geeklawyer’s knowledge there is no equivalent problem in the UK based on our different tax structures nor is non-compliance rewarded in or protected in the same way.
Who in the name of God can seriously imagine any sucker ponying up 20 big ones for this?
Even Ruthie wouldn’t fall for this one for Gawd’s sake!
That phrase...
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