Winter 2018 • Issue 62, page 11

NAFER 2017 Annual Conference Report

By Phelps, Kathy Bazoian*

A gathering of professionals, regulators, and judges – all singularly focused on federal equity receiverships – recently took place at the 2017 Annual Conference hosted by the National Association of Federal Equity Receivers (NAFER) on October 18 -20, 2017 at the Four Seasons Hotel in Miami, Florida. The conference proved once again that there is an endless supply of topics to discuss relating to fraud and how to divide a very small pie among masses of defrauded victims.

The conference began with a half-day Receiver’s Training Camp, extended by one hour due to popular demand, to include an Introduction to International Issues. Both experienced and inexperienced receivers, as well as professionals in the field, praised the Training Camp as offering practical insights that are not immediately obvious even to the most seasoned professionals. This year, the Training Camp covered the “Second Quarter,” addressing the next wave of issues that hit after the rush of the first week has past.

The main conference was also packed with informative and practical programs, and the panels were filled with regulators, judges, and experienced receivers and professionals. The topics included:

  • Pursuing Claims Against Professionals, Fiduciaries, and Other Deep Pockets
  • Keys to a Cost-Effective Receivership: When to Hold ‘Em & Fold ‘Em
  • Fraud Vectors in the Receivership Universe
  • Taxing Questions for the Federal Equity Receiver: Qualified Settlement Funds, Final Tax Returns, Avoiding Personal Liability and Others

  • Avoiding Turf Wars in Parallel Receiverships and Forfeiture Proceedings

  • Judge’s Panel: featuring Judge Dee Benson from D. Utah in Salt Lake City; Judge Darrin Gayles from S.D. Florida, Judge Philip Gutierrez in C.D. California

One of the highlights of the conference was the key note presentation, an interview with a recovered Ponzi schemer who served time. The presentation, “The Development and Unraveling of a Ponzi Scheme: A Conversation with Travis Correll,” included participation from the Receiver who handled the SEC case, his lawyer, the SEC regulator in charge of the matter, and Mr. Correll who spoke openly and honestly about the fraud that he had masterminded.
The 2018 Annual Conference scheduled for October 18 - 20, 2018 in Chicago is already shaping up to be even better. Check out for more information.

*Kathy Bazoian Phelps is a partner at Diamond McCarthy, LLP, Los Angeles, and the co-author of The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes. She frequently represents receivers and trustees.