John Kelly
Author Archives: John Kelly

3 Best Practices To Establish Command And Control Of Cash Flow For Chapter 11 Commercial Bankruptcies

By Tod McDonald A trustee’s chapter 11 commercial bankruptcy case objectives are simple. Ensure everyone associated with the case follows adheres to the laws established for federal bankruptcy court. Maximize the return and payment to creditors and stakeholders. To achieve these goals, one thing matters more than anything else, establish command and control of the […]

Cash Flow is Everything

By Tod McDonald, CPA, CFF/CFE, CIRA, Cofounder If there’s one lesson I’ve learned working on hundreds of clients in dozens of different industries, cash flow is everything. Standard accounting procedures if controlled properly, do a fine job of tracking how/where money is made and spent. However, after spending a lot of time with distressed business […]

Inside Seattle’s Largest Ponzi Scheme

Investigating A $140 Million Fraud By Tod McDonald I had the honor of working directly for the case trustee (Mark Calvert, who is an investor in VALID8) for the Meridian Funds Ponzi Scheme case back in the mid-2000’s.  Here’s a quick overview of the detailed work accomplished to answer the simple question, “Where did the […]