Faculty Profiles

Eric Zolt

Eric M. Zolt

Michael H. Schill Distinguished Professor of Law
B.S. Wharton School, University of Pennsylvania, 1974
M.B.A. University of Chicago, 1975
J.D. University of Chicago, 1978
UCLA Law faculty since 1985

LAW 561A/B - Great Frauds: The Role of Lawyers in Perpetrating, Facilitating, Discovering, Preventing, & Remedying Financial Scandals

This seminar examines some of the largest financial scandals of the past century to determine what lawyers did or did not do to facilitate or prevent their perpetration. The fraudulent offenders include such individuals as Charles Ponzi, Ivar Krueger, Charles Keating, and Bernard Madoff, and the Enron corporate accounting challenges.  Their frauds share many common elements and raise important questions about the legal profession. These topics include professional independence; obligations to monitor, disclose, warn, or notify government regulators; and the possibilities and limits of legal regulation and self-regulation by the profession. We will examine the actions of lawyers in different roles in these challenging circumstances, focusing on the tension between a lawyer’s duty of zealous representation and the lawyer’s legal and ethical obligations.

Dates, Times, and Expected Locations:
1.    Historical Perspective: Charles Ponzi (September 13, 6:30-9:00 P.M., at the Zolt Residence, Hancock Park)
2.    Ivar Krueger, The Match King (October 18, 6:30-9:00 P.M., at the Zolt Residence, Hancock Park)
3.    Charles Keating and the S & L Crisis (November 15, 6:30-9:00 P.M., at Horwitz Residence, Westwood)
4.    Enron (January 31, 6:30-9:00 P.M., at Horwitz Residence, Westwood)
5.    Bernard Madoff and Bernard L. Madoff Investment Securities, LLC. (March 7, 6:30-9:00 P.M., at Horwitz Residence, Westwood)