What is the Receivers job?
The District Court requires the Receiver to collect and preserve the assets, wherever they may be found, of Defendants International Fiduciary Corp., S.A. (IFC), Daniel Eric Byer (Byer), Malcolm Cameron Boyd Stevenson (Stevenson), and Preston David Pinkett II (Pinkett), or the affiliated entites of IFC, Byer, Stevenson, and Pinkett (collectively, the Receivership Property). It is possible that, over time, the receivership will be expanded as to other persons and entities. The Receiver must also file with the Court periodic reports of its acts and transactions in its official capacity as Receiver. Finally, the Receiver must file with the Court a proposed plan of distribution to return the Receivership Property collected and preserved by the Receiver to injured investors.
