Chinese Parents Sue Consultant

Father_of_the_Boarder
Mon, 05 Nov 2012 11:40:14 +0000

My hunch was correct about the dissipation of assets: I reviewed lawsuit and there are two motions to stop Defendants from selling off items. In one, an affidavit by an accountant states:
4. I have been retained as an expert witness in this case on behalf of the plaintiffs,
Gerald Chow and Lily Chow. As part of my engagement, I have conducted an analysis of
defendant Mark Zimny’s Fidelity Investments account during the period from January 2007
through July 2011.
5. During that time period, Mr. Zimny’s Fidelity Investments account statements
show that he deposited a total of $2,311,448.44 into his Fidelity account. During that same time period, Mr. Zimny withdrew a total of $1,854,917.74 from his account, realized a net investment loss of $305,375.40, paid margin interest of $41,479.21, incurred transaction fees and costs of $106,801.95, and had taxes withheld of $1,544.42.