In a recent Forbes magazine article, Daniel Fisher discusses a publication by a former asbestos plaintiff lawyer who explains how some of the asbestos trust funds set up under the U.S. Bankruptcy Code facilitates “fraud.” According to the article, the plaintiff attorneys explains how the trust funds are designed to be accessed by claimants with little evidence of exposure.

Fisher quotes from the article:

Plaintiff asbestos lawyers then use the millions of fees obtained from the system they were instrumental building, to run countless advertisements designed to obtain more clients so that they can submit more claims and obtain more fees. Thus, institutionalized fraud, as built into the system, allows the system to perpetuate itself.

To read more, click here.