Shoot for the Moon: When Fraud Kills Your Company

Overview

As the liquidating trustee, Jeremiah Foster and Resolute were responsible for the dissolution of Shoot the Moon, a restaurant group operating across three states with fifteen franchises. Through forensic accounting, they identified various financial irregularities over a five-year period, including a kiting scheme, a Ponzi scheme and merchant cash advance lending activities. In this case study, Mr. Foster will detail the process, his role and the fiduciary duties of a trustee, providing valuable insights into the complexities of managing such a significant financial undertaking. This session was recorded on March 20, 2024 at the 2024 Fraud & Forensic Accounting Virtual Conference.