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The Corruption of Scott Rothstein

In Miles Away... Worlds Apart , Alan Sakowitz tells the story of the biggest financial fraud in South Florida history, from his unique perspective of a whistleblower. Throughout the book Sakowitz compares his close-knit neighborhood to the Scott Rothstein's greed. Sakowitz takes us through...

Rothstein Trustee Files Clawbacks Seeking Funds Spent on Jewelry and Cars

Herbert Stettin, the bankruptcy trustee appointed to recover assets for the benefit of victims defrauded by Scott Rothstein's $1.4 billion Ponzi scheme, filed several more clawback suits seeking the return of funds spent by Rothstein on expensive jewelry and exotic automobiles. The clawback...

Opening Arguments Scheduled to Begin Tomorrow in Rothstein Victim Lawsuit

The delayed trial of an investment group seeking damages from a South Florida bank for its alleged role in facilitating Scott Rothstein's massive multi-billion dollar Ponzi scheme is scheduled to begin tomorrow. Originally set to start October 24th, United States District Judge Marcia Cooke...

Bank Seeks Mistrial in Rothstein Case

The first jury trial seeking to hold a financial institution liable for its complicity in Scott Rothstein's $1.4 billion Ponzi scheme faces uncertainty after the institution filed a motion seeking a mistrial following testimony of a key witness. TD Bank, being sued by Texas investment partnership...

Authorities Charge Two More Rothstein Employees in $1.4 Billion Ponzi Scheme

Federal prosecutors unveiled charges against two more former employees of convicted Ponzi schemer Scott Rothstein's now-defunct law firm Rothstein Rosenfeldt Adler ("RRA"), accusing them of playing a role in Rothstein's massive fraud. Marybeth Feiss, Rothstein's former administrative...

Not Surprisingly, Bank Settlements Follow the Big Verdict Against TD Bank

The Ponzi Blog by Kathy Bazoian Phelps on February 16, 2012, analyzed on the jury verdict of $67 million in favor of Coquina Investments against TD Bank for its participation in the Rothstein Ponzi scheme in Florida. Now two more bank settlements are being reported in the news. First, TD Bank...

Miami Federal Judge Sanctions TD Bank, Law Firm for "Simply Incredible" Discovery Errors During Rothstein Trial

A Florida federal court judge imposed sanctions against TD Bank and its law firm, Greenberg Traurig, for "willfully" hindering and obfuscating the production of evidence that painted a much more culpable role of TD Bank in Scott Rothstein's $1.2 billion Ponzi scheme. The order by United...

Federal Judge Sanctions TD Bank, Greenberg Traurig for 'Simply Incredible' Discovery Errors

A Florida federal court judge imposed sanctions against TD Bank and its law firm, Greenberg Traurig, for "willfully" hindering and obfuscating the production of evidence that painted a much more culpable role of TD Bank in Scott Rothstein's $1.2 billion Ponzi scheme. The order by United...

Authorities Charge Scott Rothstein's Wife With Concealing $1 Million Of Jewelry

The wife of convicted Ponzi schemer Scott Rothstein was charged by authorities on Thursday with concealing over $1 million of assets purchased with proceeds of her husband's $1.4 billion Ponzi scheme. According to charging documents, Mrs. Rothstein and several others conspired to withhold numerous...

Rothstein Colleague Found Guilty, Judge Hints At Perjury Charge

A Florida jury took just two hours to deliver a guilty verdict in the trial of a former attorney in convicted Ponzi schemer Scott Rothstein's now-defunct law firm. Christina Kitterman, who attracted national headlines for her decision to call Rothstein to the stand in her defense, was found guilty...

Rothstein Ponzi Victims Sue Bank of America For $385 Million, Punitive Damages

Victims of Scott Rothstein's massive $1.2 billion Ponzi scheme have sued banking juggernaut Bank of America (the "Bank"), claiming that, despite knowing of the fraud, the Bank and its executives shepherded investors to Rothstein's scheme with the hopes of landing Rothstein as a banking...

Florida Cop Gets 5-Year Sentence For Rothstein Ties, Including Illegal Arrest

"Mr. Benjamin, while wearing the cloak of BSO authority, engineered the arrest and incarceration of an innocent citizen. This was done purely for financial gain. This conduct is deplorable — it is unconscionable." - U.S. District Judge James Cohn A former Broward County Sheriff's...

Rothstein Ponzi Scheme: A Settlement, Finally

The intersection of bankruptcy and forfeiture proceedings can lead to considerable fighting over the assets that were once in the possession and control of the perpetrator. The recent filing of a motion to approve a settlement in the hard fought battle over forfeited assets in connection with the Scott...

Rothstein's "Independent Asset Verifier" Indicted On Wire Fraud Charges

A south Florida investment advisor who purportedly served as an "independent asset verifier" for investors in Scott Rothstein's massive $1.2 billion Ponzi scheme has been indicted on a dozen fraud charges. Michael Szafranski, 36, faces one count of wire fraud conspiracy and eleven counts...

Deadline Looms For Bank to Pay $67 Million Judgment to Rothstein Victims

Judge, this is like a football game. And the game is over, the crowd has left, and the cleaning crew is working in the stands. In spite of TD's numerous unsportsmanlike conduct penalties, the scoreboard shows that we won 67 to nothing. And despite everything, TD is here today throwing a Hail Mary...

TD Bank Pays $67 Million Judgment to Rothstein Ponzi Victims

“We are extremely pleased that TD Bank opted – at long last – to comply with the district court’s order. The judgment has been satisfied in full." - Nina Stillman Mandel, co-counsel for Coquina Investments With just hours to spare before the expiration of a deadline...

SEC Wins Civil Fraud Case Against Rothstein Promoter

A Miami federal jury handed a victory to the Securities and Exchange Commission as it convicted a Fort Lauderdale investment manager of funneling more than $150 million from over 150 investors to Scott Rothstein's massive $1.2 billion Ponzi scheme. George G. Levin, 74, was convicted of five counts...