Financial Poise

Kathy Bazoian Phelps

Kathy Bazoian Phelps is a partner at the law firm of Diamond McCarthy LLP in Los Angeles California. She has been practicing law in the areas of bankruptcy and fraud litigation since 1991, and is a certified mediator. Kathy represents bankruptcy trustees, receivers, and investors, and has been lead counsel in large-scale litigation involving the recovery of assets in Ponzi scheme cases. She also has extensive litigation experience in bankruptcy and commercial litigation. Kathy has lectured widely and written on bankruptcy and receivership matters, with a focus on Ponzi schemes. She co-authored The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes (, which has garnered national and international attention as the authoritative work on Ponzi scheme law. Kathy has also recently published Ponzi-Proof Your Investments: An Investor’s Guide to Avoiding Ponzi Schemes and Other Fraudulent Scams (, and she is the author of The Ponzi Scheme Blog at