Stout was engaged by counsel representing the Receiver for an investment fund found to be a Ponzi scheme. The Receiver filed a securities action to recover funds from a broker-dealer that solicited funds from the defunct fund to invest in various registered securities and real estate partnerships, alleging false representations and self-dealing. Stout analyzed the performance of the investments, the sources and uses of Legisi funds including various inappropriate management fees, distributions, and expenses extracted from the investments by the defendants. This matter was settled prior to any testimony by a Stout expert.

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