Robert Moiser v. Stonefield Josephson, Inc.

OPINION

TROTT, Senior Circuit Judge.

Appellant Robert Mosier is the court appointed receiver for Private Equity Management Group, Inc. and its interrelated subsidiaries and affiliates (collectively, “PEMGroup”). Mosier was appointed after the former directors and managers of PEMGroup used the companies to defraud investors of approximately $950 million in what the district court called a “massive Ponzi scheme.”

Mosier sued Appellee Stonefield Josephson, Inc., the CPAs who audited the financial statements for six of PEMGroup’s fraudulent offerings. Mosier contends that Stonefield’s reports and…