17. Ponzi Schemes and Coordination in Bankruptcy

Track: 
Forensic Case Studies
Field of Study: 
Accounting
CPE Credit: 
1.0
Knowledge Level: 
Basic

Monday, November 5, 2018
 
5:25PM-6:15PM

Session will describe the roles and responsibilities of the forensic accountants, Court-Appointed Receiver / Trustee, and bankruptcy counsel with respect to the Thomas J. Petters Ponzi Scheme.
Learning Outcomes:
1. Formulate procedures to determine the net cash "winners" and "losers" in anticipation of clawback litigation.
2. Coordination with the Trustee and counsel to identify and determine other potential recoveries for the benefit of the creditors.
3. Effective communication of work product in oral and written form.