Two Florida attorneys indicted in a nearly $1 billion Ponzi scheme known as Mutual Benefits are anything but fly-by-night hucksters known to be associated with a pyramid con. Michael McNerney and Anthony Livoti Jr. are well-respected advocates and have been fixtures in the legal community for decades. Lawyers for the men say that they were acting in their ethical role as attorneys advising Mutual Benefits.
Lawyers' Indictment in Huge Ponzi Scheme Shocks Legal Circles
Daily Business Review
January 26, 2009