Two weeks after the deadline for victims of Scott Rothstein's Ponzi scheme to file claims against Rothstein's defunct law firm, the largest single creditor on Tuesday requested an extension, which was strongly opposed by the firm heading the creditors' committee. Sources say the flare-up reflects long-standing tension on the committee and foreshadows a major battle between direct investors and feeder funds. All are fighting over the same pot of money. Claims totaling almost $470 million were filed by the May 12 deadline.
May 26, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Fights are starting to erupt among bankruptcy creditors victimized by swindler Scott Rothstein’s Ponzi scheme.
Two weeks after the deadline for victims to file claims against Rothstein’s defunct law firm in his $1.2 billion fraud, the largest single creditor — Ira Sochet Inter Vivos Revocable Trust — requested an extension Tuesday from U.S. Bankruptcy Judge Raymond Ray.
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