*All attendees must register, including Gold & Platinum members. Please ensure you receive a confirmation e-mail after RSVPing*
GACFE Luncheon Meeting June 1, 2018
Panelists: Greg Hays, Henry Sewell, Esq., and David Silver
Topic: Cryptocurrency Fraud
The fraudulent and illegal activities in issuing and trading of cryptocurrencies is staggering. Over 1,500 “coins” are trading with new “coins” added almost daily. Experts estimate that 80% to 90% of all new initial coin offerings (“ICO”) are fraudulent. One market website lists over 5,000 frauds in cryptocurrencies. Billions of dollars are being raised to invest in ICOs.
The SEC, FTC, and CFTC along with state regulatory and law enforcement agencies have established task forces or specialized committees to investigate, regulate, or when necessary, enjoin investments or operations involving cryptocurrencies. In addition, the IRS is pursing the tax cheats and only a very small percentage of investors have reported profits to the IRS. Fraud investigators need to be cognizant of the schemes, illegal offerings, and related frauds.
Our panel will provide a brief introduction to cryptocurrencies and blockchain technology while focusing on the fraudulent activity. Greg Hays and Henry Sewell will discuss the current regulatory environment including cases that have recently been filed by various regulatory agencies to shut down and recover funds for duped investors. In addition, they will address security perfection issues in UCC’s and tax matters. David Silver will discuss the private class actions in coin offerings he has filed. David is one of the leading lawyers in America representing investors who have invested in digital assets and is a frequent speaker and guest on television programs regarding cryptocurrencies.
S. Gregory Hays
Greg is a court appointed fiduciary and forensic accountant that specializes in recovering funds from insolvent companies and investment offerings. He is routinely appointed by federal and state courts as a receiver or bankruptcy trustee to maximize recoveries for creditors. He is President of the National Association of Federal Equity Receivers and serves on the Board of the Association of Insolvency & Restructuring Advisors. Greg has written articles on cryptocurrency frauds and regulatory actions. See www.haysconsulting.net for more information.
Henry F. Sewell, Esq
Henry focuses his practice in the areas of bankruptcy and restructuring while also maintaining a general commercial litigation practice. He has extensive experience representing debtors, creditors, creditors’ committees, trustees and examiners in complex Chapter 11 Bankruptcy Cases and in pre-bankruptcy workouts. Henry has also represented financial institutions and secured creditors in state court enforcement actions, including actions to appoint receivers for commercial real estate and foreclosure actions. He also regularly represents court appointed fiduciaries in SEC and CFTC enforcement actions.
Henry has extensive experience handling commercial litigation matters, including trials, arbitrations and appeals in a wide variety of complex matters. He has handled complex and difficult disputes regarding real estate, breach of contract, business torts, and corporate governance. In addition, he also has particular experience litigating disputes regarding governance and control of limited liability companies; disputes regarding title and claims to real estate; and extraordinary remedies including temporary restraining orders, preliminary and permanent injunctions and declaratory relief.
Henry has been recognized by Chambers USA as one of Georgia’s leading lawyers for bankruptcy and restructuring and has been named a Georgia Super Lawyer since 2010 by Atlanta Magazine.
David is a founding Partner of Silver Miller and is focused on representing aggrieved investors and cryptocurrency users worldwide who seek to recover their financial losses. Though David has handled various matters across the spectrum of commercial litigation throughout his career, David has focused during the past ten years on individual clients who have lost money through fraud or other acts of deceit.
David is a Martindale Hubbell Preeminent “AV”-rated attorney (generally recognized as the highest rating given in the legal industry for general ethical standards and legal ability), and he tirelessly fights for his clients, having achieved victories totaling greater than $100 million in the last few years alone. For his efforts, David has been inducted into the Multi-Million Dollar Advocates Forum, an honor limited to attorneys who have won multimillion-dollar verdicts and settlements, which includes fewer than one percent of lawyers in the United States.
David is quickly becoming recognized as one of the leading lawyers in America representing victims of crooked and abusive cryptocurrency exchanges, helping investors who have been exploited after investing in digital assets such as Bitcoin, Ether, and Litecoin. In 2015, David was named lead Class Counsel in the litigation against now-defunct cryptocurrency exchange Cryptsy, where he led the effort in recovering for the Court-certified class of Cryptsy customers settlements and judgments valued in excess of $40 million. See www.silvermillerlaw.com for more information on David’s practice.
Date: Friday, June 1, 2018
Time: 11:20 AM to 1:00 PM
Registration Starting Time: 11:00 AM
Buffet Lunch Available: 11:20 AM
Speaker Presentations: 12:00 PM to 1:00 PM
Location: Ansley Golf Club, 196 Montgomery Ferry Drive, Atlanta, GA 30309
ADDITIONAL NOTES FROM GACFE:
Involvement Opportunities: Would you like to become more involved in serving the Chapter or serving on the Board?
Contact Vic Hartman, our President at firstname.lastname@example.org
Membership Profiles: If you are a Standard, Standard 2yr, Gold or Platinum Member, log into your GACFE profile at www.gacfe.org and make sure your National ACFE Membership Number is included, and that your contact information is correct. Also, take a moment to access your National ACFE Membership Profile and make sure it’s up to date.
NOTE: In order for the Ansley Golf Club to plan for adequate seating and food, it is important for us to be able to provide a lunch count to them by Tuesday afternoon before our Friday meetings, so please be sure to register by 1:00 pm May 29, 2018. Even if you are a gold or platinum member, we ask you to please register for the meetings.
All cancellations must be submitted by Tuesday the week of the luncheon.
All cell phone calls are conducted outside the facility.