A lawsuit that seeks more than $100 million in damages alleges that ousted Florida law firm leader Scott Rothstein solicited investors for an alleged Ponzi scheme by piggybacking on actual lawsuits, including a tawdry case his firm was handling that involved a billionaire accused of engaging in sexual activities with underage girls. The investor lawsuit also contends TD Bank served as the "critical linchpin legitimizing" a fraud and knew the law firm was moving hundreds of millions of dollars through its accounts.
$100M Suit Claims Ex-Firm Leader Peddled Phony Investments in Sex Scandal Case
Daily Business Review
November 23, 2009