Federal investigators shut down Wolfram's firm on February 7, 1983, after they discovered $36 million of money missing in six accounts that were managed by him and his wife, ultimately leading to the discovery of his embezzlement. Lawyer Patrick McGraw, trustee for Bell & Beckwith, was approved later that month to operate the Landmark until it could be liquidated. The expansion designed by Stern was cancelled, and Ed Wolfram was convicted of embezzling later that year, after admitting to using money from his firm to pay for various businesses ventures, with the Landmark being the most expensive. Zula Wolfram, who had owed $5 million to Summa since her purchase of the Landmark, was forced to sell her majority share in the resort.