In August, 2009, private guardian Jared Shafer and his CPAs, Bruce Garnett and Shawn King, avoided criminal charges by secretly agreeing to pay back money Shafer converted from the accounts of his Clark County Family Court assigned "wards" into an immense Utah based Ponzi Scheme.
Even though Shafer and his CPAs were caught red handed by the US Security and Exchange Commission, they were not criminally charged and were allowed to continue handling the assets of wealthy wards of the court if they returned the money. But by that time, most of the bilked wards had died, and their heirs were never informed of the disposition of their loved one’s assets after required financial reports were allowed to go unfiled by the guardian because Family Court Judges William Voy, Charles Hoskin, and Hearing Master Jon Norheim regularly allowed the omission of financial reports when it involved Jared Shafer.
Interestingly, the public had no right to know this information based on the "Confidentiality" clause in the following Settlement Agreement obtained exclusively by INSIDE VEGAS. (The source of this information is protected under NRS 49.275, the Nevada Reporter's Shield Law.)
FULL SETTLEMENT AGREEMENT signed by Shafer:
S.E.C. PRESS RELEASE:
S.E.C. Complaint: https://www.sec.gov/litigation/complaints/2008/comp20450.pdf
More Damning Evidence Uncovered Against Private Guardian Jared E. Shafer