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If you work in the private capital markets, finding out that funds were mistakenly wired to the wrong hands is your worst nightmare – and understandably so. We’re not talking about sending $20 to the wrong PayPal person for last Friday’s pizza – these transactions are in the millions and are only increasing. In fact, financial transactions in the private capital markets have been steadily increasing in both size and frequency, making it the ideal target for impersonation fraud. 

But in the unfortunate event of fraud, who is to blame? That question is far more complicated to answer. 

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