Case Overview

Representing MAP Enterprises, Inc. -- a Kentucky corporation -- which has been named as a defendant in an adversary proceeding brought by the Chapter 11 Trustee for McClain Feed Yard, Inc. and related entities (the "debtors") in the United States Bankruptcy Court for the Northern District of Texas, Amarillo Division. The Trustee alleges that Brian McClain, the owner of McClain Feed Yard, operated a cattle-raising Ponzi scheme wherein he collected, pooled, and distributed hundreds of millions of dollars, although 90% of the cattle he claimed to be raising for investors never existed. Relying on the Ponzi-scheme presumption of fraudulent intent, the trustee seeks to avoid and recover transfers made to net-winners prior to debtor's bankruptcy filing to maximize the recovery of creditors and net-losers of the alleged scheme.