An investment fund claiming a $61 million loss in Scott Rothstein’s phony settlement financing scheme is suing the convicted felon and TD Bank, claiming the money disappeared in the final two months before the fraud came crashing down.

A total of $30 million in investment funds from New York-based Emess Capital was cleaned out of Rothstein Rosenfeldt Adler’s TD Bank trust accounts in a six-day period just before the law firm chairman flew to Morocco, also the destination of a $16 million wire transfer by TD Bank, a federal racketeering lawsuit filed Wednesday claimed.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]