Kathy Bazoian Phelps has been a lawyer since 1991 and is currently a partner at Raines Feldman Littrell LLP in the Los Angeles office. In addition to serving as a fiduciary, Kathy focuses her law practice in the areas of insolvency law, fiduciary representation, and fraud litigation, frequently representing federal equity receivers, state court receivers, and bankruptcy trustees. Kathy also serves as special litigation counsel for fiduciaries and interested parties in fraud-related litigation cases arising out of receivership and bankruptcy cases. She is particularly knowledgeable about the administration of Ponzi scheme cases and has extensive litigation experience in claims arising in these types of cases.  

Kathy has lectured widely and written on bankruptcy and receivership matters, with a focus on Ponzi schemes. Her book entitled The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes, co-authored with Hon. Steven Rhodes, has garnered national and international attention as the authoritative work on Ponzi scheme law.  Kathy is also the author of The Ponzi Scheme Blog and Ponzi-Proof Your Investments: An Investor’s Guide to Avoiding Ponzi Schemes and Other Fraudulent Scams.

In addition to her roles as lawyer, fiduciary, speaker and author, Kathy also serves as a mediator and is currently on the mediation and arbitration rosters for the Financial Industry Regulatory Authority, as well as the Bankruptcy Mediation Panel for the Central District of California and the Bankruptcy Mediation Panel for the District of Arizona.  Kathy is also a Fellow in the American College of Bankruptcy.