Chapter 25 - THE MONEY

Final forensic accounting:
$1.8 million paid.
Legitimate direct or indirect benefit to Grace/Sophia:
About $218,000 after broader review.
Reasonably allocable but excessively priced services:
$286,000.
Clearly unsupported or fraudulent charges:
Approximately $824,000.
Remaining:
Administrative overhead, properties held available, legal fees, and disputed classifications.
Restitution did not equal $1.8 million.
Important.
Sterling Family Management insurer covered part.
Vendor settlements.
Malcolm restitution.
Victoria civil repayment and trust offsets.
The recovered amount plus adjustments exceeded $1 million.
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Sophia’s separate trust remained largely intact because North Coast controls had blocked major access.
Good.