Equity Trust Ohio final filed complaint. The link above is to a  case that has been filed in Ohio against Equity Trust Company, Equity Administrative Services, and their owners, Richard Desich, Sr., Jeffrey Desich, arising out of Taylor's Ponzi schemes and their facilitation of same through Equity Trust Self-Directed IRAs. Our legal team is blessed to have Spangenberg, Shibley and Liber, LLP and the law firm of Snyder Dorenfeld as part of the legal team.  Attorneys Stuart Scott, Nick DiCello and Dan Frech are appearing on behalf of  the Spangenberg firm based in Cleveland, Ohio  and David Dorenfeld and Mike Brown are appearing on behalf of the Snyder Dorenfeld Firm from Los Angeles, California.  As you know, Taylor in 2008 started using Equity Trust exclusively for investments through Self-directed IRAs until Equity Trust quit taking new clients from him.  That case is still at the pleading stage.  I am posting the complaint today so that all of you can read it.  It is quite interesting.


The second class action suit is pending in California.  The Snyder Dorenfeld firm, attorneys David Dorenfeld and Mike Brown, in Los Angeles are working with my firm on the case on appeal in California.  That case is against the Entrust Group and their facilitation of  Taylor's Ponzi Schemes through their Self-Directed IRAs. The case has been fully briefed and we are waiting to see if the Ninth Circuit Court of Appeals will be granting Oral Argument.


I want to express the appreciation of our legal team for everyone who has come forward with information to assist us with these cases.  Cathy Lerman remains available to speak with potential witnesses and others wanting to assist the victims of these Ponzi schemes. Please email Ms. Lerman at to arrange a call.  Thank you.