Jeff Schneider and Thomas R. Lehman Represent the Court-Appointed Receiver in Ponzi Scheme Case

Jeffrey Schneider and Thomas R. Lehman are featured in Law360 for representing the court-appointed receiver, James D. Sallah of SALLAH ASTARITA & COX, LLC. in a case after a software developer was raided by the FBI. The Florida attorney appointed to protect their assets transformed its defrauded investors into shareholders of a new $11 million company. Together, the team avoided taking the typical path of putting Boca Raton-based Stocket Inc. into bankruptcy by obtaining court permission to issue “receiver certificates.” The tool, which is rarely used in Florida state law, allows receivers to raise funds from existing shareholders when there are insufficient assets to carry out their duties. Read more.

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