Certified, Inc., Global Bullion Trading Group and WJS Funding, Inc.
Soneet Kapila is the Chapter 7 Trustee in the jointly administered bankruptcy estates of Certified Global and WJS. The Certified Entities operated for the purpose of engaging in spot transactions in gold, silver, platinum and palladium (“Precious Metals”) through leveraged transactions. The Certified Entties Ponzi scheme had attributes of fraud which indicated that there were no legitimate business operations and that the investment scheme served the purpose of benefiting insiders.
KM provided forensic accounting services to the Trustee including a detailed reconstruction of the funds received and disbursed including analysis of the electronic accounting records, review and analysis of the physical banking records including bank statements, deposit tickets, wire transfer confirmations and canceled checks leading to the filing of an Expert Report in the case.