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.
Achieved a 100% payoff for the bank through the successful receivership of a large dairy business. Stapleton Group served as interim CEO/CFO of the dairy operation while simultaneously selling its farms, animals and transport assets in a timely manner. The complex process involved significant coordination between stock yards, auctions yards, ranch hands, long haul trucking, buyers, brokers, defendant’s accounting team, dairy cooperatives, veterinarians and feed suppliers.
After a home builder was unable to complete three large track home developments in Arizona due to insufficient capital and a weak market, successfully finished construction and sold the homes in 8 months, generating proceeds exceeding the lender’s expectations. Many of the homes sold for more than appraised value, despite a weak market. The lender avoided negative press that would have resulted from a foreclosure.
Successfully recovered $12 million in debt in a tenuous, cross-border situation involving a 20-year old furniture manufacturer. Led complex negotiations with a Mexican labor union and Mexican tax authority to cleanse title on assets. Aggressively managed vacant buildings in Mexico while coordinated the sale of real property and the liquidation of inventory located in the U.S. and Mexico.
Achieved a recovery for investors in a real estate investment fund by unraveling a tangled web of investor contributions, investments in real properties and underlying documentation and completing construction of a 9-home subdivision in the San Francisco Bay Area. Enforced investors’ loan positions through negotiations and litigation through conclusion.