Frank Spinosa, a TD Bank officer allegedly bribed by law firm chairman Scott Rothstein in pursuit of his Ponzi scheme, was front and center during appellate arguments Thursday on the bank’s challenge to a $67 million verdict won by money-losing investors.
The Cherry Hill, N.J.-based bank wants the court to reverse the award to Texas-based Coquina Investments LLC, which poured $32 million into Rothstein’s scam. At the hearing in Miami before the U.S. Court of Appeals for the Eleventh Circuit, Coquina’s attorneys argued Spinosa shouldn’t have been allowed on the stand during the trial.
