Adham

FACTS AND PROCEDURAL BACKGROUND

I. Facts

A. The family In 1980, Mohamed Adham (Mohamed)1 married Azza Adham (Azza). They had two daughters together, Dina Adham (Dina) and Ronda Adham Zulich (Ronda). In October 2005, the couple created the Adham Family Trust (the trust), and one of the trust’s assets is an investment account held at TD Ameritrade (the investment account). Mohamed also owns an individual retirement account at TD Ameritrade (the IRA). After Azza passed away in December 2005, Mohamed married his childhood sweetheart, Mervat El Leissy (wife).

Because several of the individuals involved in these cases share the same surname, we use their first names to avoid confusion. We mean no disrespect.

2 B. Mohamed’s accounting business For decades, Mohamed worked out of his home as an accountant through his business, M. Adham CPA. Although the business was operated by Mohamed and without wife’s involvement, the couple’s 2019 and 2020 tax returns listed both Mohamed and wife as the business’s “proprietors.” In 2006, Mohamed hired Christi Edwards (Edwards) to “assist” him with the business. Over the years, Edwards went from being an employee to more of a…