After a complaint was filed by the Securities & Exchange Commission (SEC) against an investment fund alleging securities fraud and orchestration of a Ponzi scheme by the key principals of the investment manager, Stapleton located, managed and sold assets to achieve a recovery for the investors. Our process involved an elaborate forensic accounting of the sources and uses of investor contributions. Our conclusions aided the SEC in securing a Motion for Summary Judgment against the defendant and individuals involved with orchestrating the Ponzi scheme.
A manufacturer had defaulted on its loan covenants and its lender wanted out of the credit. Stapleton built a realistic cash flow projections and aggressively managed the company’s accounting team to reduce costs, leading to improved cash flow and a successful refinancing.
The borrower experienced large operating losses and its lender wanted to restructure a $25MM line of credit. Stapleton uncovered holes in the company’s reporting and contracts, allowing the bank to secure additional collateral for improved recovery.