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Rothstein Ponzi Victims Get in Line for Payouts
The good news for those owed money by lawyer-turned-scam-artist Scott Rothstein is that cash has started flowing into his law firm's bankruptcy estate. The bad news for Rothstein's Ponzi victims is that the professionals are first in line to claim it. The court-appointed bankruptcy trustee for Rothstein Rosenfeldt Adler had $13.4 million on hand as of Thursday. The U.S. Attorney's Office last month said it expects to collect $50 million to $60 million to distribute in Rothstein's criminal case to victims of his $1.2 billion Ponzi scheme, which produced a 50-year prison sentence.
BankUnited to raise $300 million with IPO
BankUnited confirmed rumors as it filed to raise up to $300 million in an initial public offering, with the proceeds reportedly being used to acquire New York area banks.
Trustee files reorganization plan for RRA bankruptcy
In a major turning point for creditors who hope to receive a recovery, the bankruptcy trustee for the fraud-ridden Rothstein Rosenfeldt Adler filed a reorganization plan.Developer vows to halt Cielo foreclosure
While other developers of struggling condominium projects are slashing prices or cutting deals with lenders, Mario Egozi is fighting back.
Economic Outlook: More Chapter 11 cases may not mean more business turnarounds
More troubled companies are filing for Chapter 11 bankruptcy, which allows them to reorganize as independent businesses, but many are using the process to find a buyer.
Bone Marrow Donor Sought For GrayRobinson Partner
GrayRobinson has organized a national social media campaign to find a bone marrow donor for partner Philippe Devé, who has leukemia.FBI widens probe: 'Wasn't one-man show'
The FBI estimated that a Ponzi scheme allegedly run by Fort Lauderdale attorney Scott Rothstein may top $1 billion - almost twice previous estimates.
Rothstein investors reach settlement worth as much as $80 million
George Levin and his Banyon Investments, the biggest investors in Scott Rothstein's $1.2 billion Ponzi scheme, have agreed to give up nearly all their assets and properties under a settlement with the bankruptcy trustee.Crookedest-Lawyer-Ever's Firm Still Has Cash Coming In
MIAMI - The good news for those owed money by lawyer-turned-scam artist Scott Rothstein is cash has started flowing into his law firm's bankruptcy estate. The bad news for Ponzi victims is the professionals are first in line to claim it.
Hedge funds to pay Scott Rothstein trustee $32 million
Five New York hedge funds that sent hundreds of millions of dollars into Scott Rothstein's Ponzi scheme have agreed to pay his law firm's bankruptcy trustee $32 million to settle claims against them.Trending Stories
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