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Feds Seize Bank Stock, Luxury Cars Owned by Ousted Law Firm Chairman
The federal government moved in Monday to seize property that belonged to ousted Florida law firm Chairman Scott Rothstein, who is under investigation for allegedly running a Ponzi scheme that investors say cost them at least $500 million. The government took charge of a chunk of Gibraltar Private Bank & Trust stock and cars that Rothstein owned or gave as gifts to his former law partners. Rothstein faces no criminal charges, but assets typically are seized in fraud cases, often to be sold to repay wronged investors.Lawyer for Rothstein investors wants case sent to state court
U.S. Bankruptcy Judge Raymond Ray was asked to send a lawsuit filed by victims of the Scott Rothstein's Ponzi scheme against TD Bank back to Broward Circuit Court.Suit Claims Firm Leader Peddled Fake Investments in Sex Scandal Case
Fort Lauderdale, Fla., law firm, not named in the lawsuit, has shrunk to 14 employees from a height of 167 workers before investors began complaining of skipped payments in an alleged Ponzi scheme.$100M Suit Claims Ex-Firm Leader Peddled Phony Investments in Sex Scandal Case
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.New TD Bank emails show early exchanges on Scott Rothstein
Investor attorney David Mandel disclosed an email exchange produced by TD Bank showing its knowledge of lock letters written on bank stationery and intended to reassure prospective Scott Rothstein investors.Judge rules trustee Herbert Stettin can take Scott Rothstein's deposition
U.S. Bankruptcy Judge Raymond Ray has given permission for lawyers to get some face time with imprisoned Ponzi schemer Scott Rothstein. Ray asked attorneys for trustee Herbert Stettin to draft an order by May 12 granting them access to Rothstein.Trending Stories
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