Carlson Caspers Partner Tara Norgard served as lead counsel for the Receiver, working with a team of Carlson Caspers attorneys, to repatriate assets in the $190 million Trevor Cook Ponzi scheme, the second-largest fraud case in Minnesota history. Over the course of the receivership, Carlson Caspers attorneys maximized the recovery of stolen funds for more than 900 defrauded investors. The firm was appointed by Chief Judge Davis of the United States District Court for the District of Minnesota to track down, marshal, and recover assets from around the world (including Switzerland and Panama).
The case involved litigating “clawback” actions and other claims against third parties in the United States and foreign jurisdictions, identifying and liquidating assets (including personal and real property), and returning the proceeds to the investor victims.
Media coverage here:
“Federal judge in Minneapolis shuts down receivership in forex-related ponzi scheme,” StarTribune, Jan. 16,2020, Dan Browning.
Saint Paul Legal Ledger/Minnesota Lawyer, “Breaking the Ice: Ponzi receivership work among ‘honors of my career,’” Sept. 16, 2020, by Todd Nelson.