By N. Neville Reid and Ira Bodenstein

As receivers, we are skilled at liquidating claims and assets to return as much money to victims as possible, a measure of “economic justice” for them that gives each of us much professional and ethical satisfaction. We don’t get them into these fraudulent investments, but are grateful when we can get them substantially out. However, as we all know, such economic justice is tempered by the reality that we cannot make all of our distributions until the Internal Revenue Service (IRS) approves our federal returns, a process that can take up to three years or longer in some cases.