Getting your life back on track after a major crisis is never easy, but it’s perhaps even tougher when your reputation is on the line.
Carlos Legaspy (www.carloslegaspy.com), owner and CEO of Insight Securities, knows about such trials and tribulations. When he blew the whistle on a Ponzi scheme run by a company his firm had provided services to, the fraud’s perpetrators shifted the blame to him, and he was quickly facing accusations of negligence and fraud – accusations that set him back emotionally and professionally.
“There was intense fear, like I was looking at the end – not the end of my life but the destruction of my business, my career, and my reputation,” he says. “But pushing back against that feeling of dread was acceptance, combined with a will to fight.”
Only after years of battles and litigation – and settlements that he made grudgingly – is he finally clearing his name. Legaspy recounts his story in the book “Going for Broke: How One Of Latin America’s Largest Financial Frauds Became A Blessing In Disguise.”
