Former Florida Financial Prosecutor Daniel Stermer To Oversee Operations After Suicide Of Co-Founder.
BY: STAFF REPORT | BocaNewsNow.com
BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2021 MetroDesk Media, LLC) — Seeman Holtz, the Boca Raton financial services company accused of defrauding senior citizens out of their life savings, is now being largely controlled by a “corporate monitor” assigned by the court.
Daniel Stermer of financial restructuring firm DSI will control the company’s assets and operations while the investigation continues. Stermer served in the Economic Crimes Litigation Unit of the Florida Attorney General’s Department of Legal Affairs before joining DSI in 2009.
Seeman Holtz has been the focus of serious fraud accusations for more than a year. Co-founder Eric Holtz committed suicide earlier this year as accusations and lawsuits mounted.
From the consent order:
“Plaintiff has requested a corporate monitor to, among other things, confirm what assets the Consenting Corporate Defendants previously had and currently have; confirm what the Consenting Corporate Defendants’ investors are currently owed; take and maintain care, possession and control over whatever rights, title, or interest the Consenting Corporate Defendants have in said assets to ensure the Consenting Corporate Defendants’ investors are repaid; marshal, safeguard, and liquidate assets; ensure that preferential payments to investors do not occur at the expense of other investors; ensure that the Consenting Corporate Defendants’ investors are repaid in a fair and equitable manner; and evaluate and file ancillary actions to recover monies or assets for the benefit of the Corporate Defendants’ investors.”
Read the complete filing, below. If the PDF does not appear, access the document here.
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