Restitution of $40 Million Net Worth

As a result of the surfeit of crimes perpetrated by Morgan Stanley against Spencer C. Young, there has been an aggregate theft of assets and an unlawful deprivation of a livelihood, which is currently estimated to be $40 million, as derived below.  This is obtained by taking a simple average of two entirely different methods, as reflected below, and summarized as follows:

• Method I -- This takes precisely derived and empirically supported valuations of assets and the low end of the range of total annual income earned in the five years preceding Morgan Stanley's 2002 employment fraud, and adjusting for inflation using the U.S. Consumer Price Index for Urban consumers ("CPI-U"); and 
• Method II -- This uses the detailed Proforma Net Worth derived in 2008 and an estimate of the net proceeds that were expected from civil claims against Morgan Stanley for employment fraud, and a variety of  other crimes perpetrated in its cover-up efforts, the full extent of which was not known.

This estimated loss of net worth is conservative when considering the extent of Morgan Stanley's malicious tortious interference in illegally denying the launch of Project Atlas, which would have exposed the original employment fraud that began this mess, as the business heads of Morgan Stanley's key CMBS clients had agreed to work for Mr. Young on what was once an exciting business opportunity with substantial upside.  It also does not take into account :  (a) the pain and suffering Morgan Stanley has continued to inflict upon Mr. Young and his family in its ongoing cover-up efforts; nor (b) the substantial punitive damages Mr. Young is seeking on behalf of, and for the benefit of others victimized by banking abuses, exceeding $2.5 Billion.

	Restitution of Net Worth
	Year	$mm	CPI-U		$mm
			Base Yr	Current
	2002	8.921	179.900	236.451	11.725	(1)
	2003	1.000	184.000	236.451	1.285
	2004	1.000	188.900	236.451	1.252
	2005	1.000	195.300	236.451	1.211
	2006	1.000	201.600	236.451	1.173
	2007	1.000	207.300	236.451	1.141
	2008	15.334	215.303	236.451	16.840	(2)
	2009	1.000	214.537	236.451	1.102
	2010	1.000	218.056	236.451	1.084
	2011	1.000	224.939	236.451	1.051
	2012	1.000	229.594	236.451	1.030
	2013	1.000	232.957	236.451	1.015
	2014	1.000	236.451	236.451	1.000
	Subtotal				40.909
	Proforma Net Worth				39.334	(3)
	Average to Nearest Million				40.000

(1)	Mid-Point of Fair Compensation For The Creation of IQ® Brand	$mm
		8.921

(2)	Point in Time Valuation				$mm
	Proforma Net Worth				39.334	(3)
	Exclude Estimated Claim				(25.000)
	Measurable Net Worth				14.334
	Minimum Annual Income				1.000
	Net Total				15.334
(3)	Proforma Net Worth  ($mm)

Note:  The valuations of The Courtyard of Chapel Hill and The Pit Stop of Durham are reflected below: