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StoneTurn Group — Full Expert Report (Dkt. #272-1)
Complete forensic accounting report by StoneTurn Group, the CFTC's own court-appointed forensic expert. StoneTurn concluded that a Ponzi scheme was mathematically impossible given the on-chain activity, confirmed all investors who exited did so profitably, and found no evidence of misappropriation consistent with the CFTC's allegations.
Document Details
Date Filed
March 1, 2023
Agency
Court Filing
File
stoneturnsubmission.pdf
16 MB
Page 1 / 31
120%
EXHIBIT 1
Case: 1:22-cv-02465 Document #: 272-1 Filed: 10/16/23 Page 1 of 31 PageID #:4330
Case: 1:22-cv-02465 Document #: 272-1 Filed: 10/16/23 Page 1 of 31 PageID #:4330
Key Points
CFTC's own forensic expert — appointed by the court, not by Sam
Found Ponzi scheme mathematically impossible given blockchain activity
Confirmed all investors who exited the fund did so profitably
Did not find evidence of misappropriation consistent with CFTC allegations
Report was filed as Dkt. #272-1 in the district court record