Assisted DOJ Fraud Section in Ponzi scheme investigation and trial

Assisted DOJ Fraud Section in Ponzi scheme investigation and trial

We assisted the Department of Justice Fraud Section’s prosecution of three corporate executives responsible for a Ponzi scheme that defrauded 5,000 investors out of more than $200 million. We were responsible for tracing investor funds, impairment testing on the company’s assets, examination of three different auditors' workpapers, and determining the accuracy of the company’s offering circulars. We assisted counsel during the investigation and trial.