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...
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...
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...