Petters Receiver Sues Ex-Dreier, Epstein Becker Partner Over Ponzi Fees

, The Am Law Daily

   | 2 Comments

The receiver overseeing the wind-down of convicted Ponzi schemer Tom Petters' various business interests has filed a clawback suit against former Dreier LLP and Epstein Becker & Green partner Paul Traub over nearly $804,000 in fees the prominent New York bankruptcy lawyer received for providing legal counsel to Petters between 2005 and 2008.

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What's being said

  • Laser Haas

    UPDATE = Response to Epstein Becker & Green's note of Paul Traub. We continuously informed Epstein Becker & Green that they were harboring a criminal. Assume that he was forced out due to our persist & the fact Traub;s true benefactor (Mitt Romney) was about to grab much spot light. Additionally, Paul Traub worked on several fraudulent endeavors while at EP&G; thus they "are" culpable to some degree - in those affairs.

  • Laser Haas

    In the year 2000 - Paul Traub worked with Mitt Romney & Stage Stores. Barry Gold hired Paul Traub, because Barry Gold worked for the Directors of Stage Stores (Mitt Romney owning 800,000 shares). Also at Stage Stores as Director was Michael Glazer (CEO of Kay Bee Toys too). In 1999 the Delaware law firm of MNAT merged Romney/ Bain's "The Learning Company" - with Mattel. Also in 1999, Goldman Sachs took eToys public. The stock soared to abve $78 but eToys received only $16.50. Then, in 2001, MNAT lied about connections to Bain, Goldman Sachs & Mattel in order to become the Debtor's counsel of eToys. At the same time, Paul Traub lied about his connections to Playco, Bain, Wells Fargo, Liquidity Solutions, Romney & Michael Glazer to become the eToys Creditors Counsel. MNAT & Paul Traub then colluded to place Barry Gold (Paul Traub's secret partner) in as the post bankruptcy petition filing President/ CEO of eToys. Barry Gold, MNAT & Paul Traub sold (OUT) their client (eToys & Creditors) to their more lucrative (UNdisclosed) clients/ Bain/ Kay Bee. Also utilized Liquidity Solutions (CO-Debtor with Stage Stores) in the eToys case to buy up creditors claims. This resulted in the monies Bain paid to be (illicitly) be funneled back to them. All this will come out now - as soon as the "Official" indictment of Paul Traub is announced.

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