Engagement
Gryphon was hired to recover combined judgments in excess of $100M against an individual and the sham home equity lending entities he operated.
Investigation
After reviewing 1,000+ documents in discovery, Gryphon identified 30 active entities, trusts and partnerships of which the defendant was a principal. We found significant assets, including over $50M in real property in the U.S. and U.S. Virgin Islands, as well as a watercraft, motor vehicles and an aircraft owned by the individual. We identified bank accounts and money transfers, including short-term, high-dollar mortgages the defendant and his entities secured on properties.
Result
Our client avoided a review of meaningless document dumps designed to obfuscate the target’s actual holdings. We provided the client with valuable advice on securing documents that were used to uncover additional asset transfers, current holdings and ongoing income streams as the case progressed.
