Successful Defense of Businessman Against Ponzi Scheme Allegations

Former nightclub owner
Defense of former nightclub owner against claims made by Chapter 7 trustee for the bankruptcy estate of Kenneth Ira Starr, Starr & Company, and Starr investment Advisors, LLC. The claims sought to recover $5.12 million of allegedly fraudulent transfers made by Starr consisting of a $4 million settlement payment and payroll and other expenses. We moved to dismiss the suit on numerous grounds, including that Starr had received fair value from the settlement payment and that the additional amounts were traceable to the nightclub's payroll and thus could not be recovered from an innocent employee of a legitimate business as a secondary transferee. The motion to dismiss was granted without leave to re-plead in a reported opinion.
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Scott L. Baena

Scott L. Baena

Senior Special Counsel
Jeffrey I. Snyder

Jeffrey I. Snyder

Partner, Assistant General Counsel
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Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
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Appointed tax counsel to SunCruz Casinos LLC, a "cruises to nowhere" gaming business, in its chapter 11 bankruptcy proceeding.
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