LexisNexis® Legal Newsroom
Money and handcuffs 2

money handcuffs theft crime Ponzi schemes fraud

Money and handcuffs 3

Ponzi scheme word cloud

Ponzi schemes theft embezzle embezzlement

D&O Insurance: Professional Liability Exclusion Precludes Coverage for D&O Claims Against Ponzi Schemer’s Bank

In a coverage dispute arising out of the long-running Rothstein Ponzi scheme scandal , a Southern District of Florida judge, applying Florida law, has held that the professional services exclusion in the Rothstein bank’s D&O insurance policy precluded coverage for claims brought against the...