"Now that we have had the opportunity to review Ellie Mae's financial performance in its IPO prospectus filed with the Securities Exchange Commission, it appears that the only financial success Ellie Mae can claim in the last two years is tied directly to the document-preparation business, much of which is based on business and intellectual property stolen from DocMagic and others in violation of federal and state laws," Dominic Iannitti, president and founder of DocMagic, said in a statement.