Ryan C. Baker is a Receiver at Mosier & Company, Inc. During his past 9 years with Mosier & Company, Mr. Baker has been appointed on or managed 80+ Receiver, Provisional Director, Trustee and Partition Referee cases. These projects and appointments include real estate, operating companies and regulatory matters.
Mr. Baker has directly managed the operations and provided financial oversight for companies and properties with gross revenue ranging from $700k to $10 million. His experience includes management, financial oversight and forensic accounting.
REAL ESTATE RECEIVERSHIP EXPERIENCE
In the real estate arena, Mr. Baker has managed a wide variety of retail, commercial and residential properties ranging from a fourplex apartment building in Missouri, to a 40-unit retail center, to a 180,000 sq/ft commercial building in central California. The duties involved with these properties varied depending upon the Court’s direction. Tasks ranged from the simple collection of rents to the more involved forensic accounting of books and the oversight of ground lease and sale negotiations.
OPERATING COMPANY RECEIVERSHIP EXPERIENCE
Mr. Baker has extensive receivership experience with operating businesses as well as liquidating them. One example includes a construction company which had defaulted on its bank loan. To achieve the maximum recovery for creditors, the company was sold in two parts: a portion of the equipment was sold to a competitor while the rest of the company, along with all the work-in-progress projects, was sold to a separate buyer. Additional experience includes overseeing the finances of two separate fast food franchise restaurants, liquidating a $70M international chemical company and managing the financial affairs of companies that are the subject of a dispute or insolvency — just to name a few.
REGULATORY RECEIVERSHIP EXPERIENCE
Mr. Baker has been intimately involved with assisting in a number of regulatory receivership appointments originating from the Securities and Exchange Commission, Department of Justice and the Orange County District Attorney. Mr. Baker’s most significant assignment was in the matter of Private Equity Management Group – a billion-dollar alleged Ponzi scheme exposed in Federal Court by the Securities and Exchange Commission that resulted in the appointment of a Federal Equity Receiver. Mr. Baker was tasked with tracing $1 billion worth of investment from nine Investors over a ten-year period into forty-six investment vehicles located in the British Virgin Islands. The overall investments included over 50 assets and 275 life insurance policies (with over a billion dollars in face value) and a cash flow requirement of $70 million per year to keep the premiums current. Most of the assets were jointly owned by multiple investors. This analysis provided the basis for the court approved distribution plan to victims of the $336 million recovery.
Another regulatory receivership example includes a medical equipment vendor that came under the scrutiny of the District Attorney for alleged wrongdoing. Mr. Baker oversaw the review of the invoicing practices of the business to determine if it was performed in accordance with prescribed guidelines. Other recent regulatory receivership examples include a worker’s compensation fraud related to a roofing contractor, a Ponzi scheme related to a residential fix-and-flip company and alleged fraud in a multi-million-dollar EB-5 immigration investment program.
EDUCATION AND MEMBERSHIPS
Mr. Baker earned an MBA at the University of Southern California and an undergraduate degree in Economics from New York University. He sits on the board of the California Receivers Forum and participates on panels in the receiver and insolvency education courses sponsored by the Forum and Loyola Law School.