by Ken Walsleben
Introduction:
On Wednesday, October 4, 2000, I received a promising call from a broker introducing a New Jersey based prospect. The prospect, Betty Crocker, was purportedly a government contractor working with the Department of Defense. The broker wondered if we would be willing to work with a client selling its receivables due from the US Government. Who wouldn’t look into such a prospective deal?
From this innocuous phone call, I began a 10-day period of investigation unlike anything I’d ever been involved in. This experience, and the conclusions I’ve drawn from it, should prove useful to anyone calling himself or herself a factor.
Betty’s Sting:
