angelic

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.

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