E3 Advisors Completes Successful 1st Year

 

E3 Advisors is pleased to announce the successful completion of our first year in business. We are very grateful for the support we have received from our friends, clients and colleagues, without whom we would not be here today.

E3’s diversified business platform has enabled us to work on a wide range of projects, including real estate receiverships, operating company receiverships, bankruptcy trustee projects, forensic accounting, expert witness and other litigation support projects.

Our Year 1 Projects Have Included:
 
RECEIVERSHIPS

  • Northgate Mall – Cincinnati, OH: A 915,000 square foot regional mall anchored by Sears and Macy’s; project included successful completion of a complicated (seller-financed) sale transaction.
  • Palo Vista Center – Vista, CA: An unanchored retail strip center; project include stabilization of the existing tenancy and preparation for eventual sale.
  • CitiBank vs. Calzada – Fremont, CA: A rents and profits receivership for an industrial office property.
  • SEC vs. Copeland Wealth Management – Redlands, CA: A federal receivership appointment in an alleged Ponzi scheme involving $250 million in assets in a financial advisory company, private equity and fixed income investment funds, and 18 real estate limited partnerships; project includes forensic accounting.
  • Buechel Chiropractic – San Diego, CA: An operating company appointment primarily focused on collection of a bank judgment through the operating profits of the business and the collection of accounts receivable.

 
BANKRUPTCY WORK

  • Ultra-Flex Moulding – Escondido, CA: Appointed as Chapter 11 Trustee to operate this flexible moulding company, to analyze insider and preference payments, to market and sell the company through a Court-conducted auction process, and to prepare and execute a finalized distribution plan to creditors.
  • Richard Cheroske – Lakeside, CA: Appointed as Chapter 11 Trustee in an individual bankruptcy case to investigate related party transactions, attempt to settle partnership disputes involving numerous real estate properties and legal entities, and investigate transfers of assets from the bankruptcy estate.
  • EquiPoint Financial – San Diego, CA: Appointed as Plan Trustee to conduct the final liquidation, analysis of claims, and distribution of recovered assets to creditors.

 
FORENSIC ACCOUNTING & LITIGATION SUPPORT

  • Protron Digital Corporation – Ontario, CA: Engaged to provide an expert witness report on insolvency as relating to insider transactions.
  • Kamen vs. Schwartz – Los Angeles, CA: Appointed to ensure that distributions, transfers or withdrawals of money from up to 18 properties are in accordance with a pre-existing Settlement Agreement and prior Court orders.

 
E3 has offices in San Diego and Los Angeles, Ca, and performs problem resolution work throughout the Southwestern United States; including extensive retail work throughout the country.