Engaged as Accountants to the Chapter 7 Trustee for this designer and manufacturer of trade show booths and exhibits.

Appointed as the Receiver for this multi-state hard money lender to the commercial and residential real estate industries.

On August 23, 2007, Powder Coating, Inc. filed a petition for reorganization under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Georgia. In September 2008, the Bankruptcy Court appointed Mr. Hays as the Chapter 11 Trustee for the Estate of the Debtor and the Trustee has been duly acting in that capacity since that time. The Trustee arranged for the sale of the business with the transaction closing in December 2008. The Trustee is currently administering the estate.

The Securities & Exchange Commission filed a complaint against this real estate investment partnership that raised over $60 million. Mr. Hays serves as the Receiver and Hays firm serves as the Financial Consultants to the Receiver.

INVESTOR UPDATE ON SEPTEMBER 8, 2011

This case is now closed. All activities of the Receiver have been completed per the Order closing the Receivership. Please refer to the following documents posted under Case and Claims Documents for further detail: Order Reopening Case for Final Administration, Authorizing the Procedures set forth in the Receiver’s Final Report, and Closing the Receivership and Notice of Conclusion of Receivership.

The Securities and Exchange Commission filed a complaint in the United States District Court for the District of South Carolina in April 2007 against Albert E. Parish, Jr. and Parish Economics LLC claiming they had been fraudulently operating five investment funds.

The case involved a fraudulent securities offering with $523 million allegedly invested in various hedge funds and investment pools. Mr. Hays was appointed as the Receiver and Hays serves as Accountants and Financial Consultants to the Receiver. We liquidated assets including real estate, cars, watches, pens, artwork, real estate investments, and life insurance policies and are recovering significant funds from third parties. The case has received extensive local and national media coverage. The TV show American Greed aired a story on the case in 2009.

May 1, 2013 Investor Update

Final distribution checks were mailed in April 2013 and the case has been closed effective September 13, 2013.