The trustee trying to recover funds from victims of former law firm chairman Scott Rothstein’s Ponzi scheme has filed an $112 million lawsuit against Ira Sochet, his second largest investor.

The lawsuit filed Thursday night by law firm bankruptcy trustee Herbert Stettin alleges Sochet and his Miami-based Investors Risk Advantage received preferential transfers of $112 million shortly before the $1.2 billion Ponzi scheme imploded “unlike many less fortunate investors.”

This content has been archived.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 Advance® 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]