Orlando Sentinel
By Jon Burstein, Sun Sentinel It was set to be the biggest courtroom showdown in Scott Rothstein's Ponzi scheme — a host of the imprisoned fraudster's victims accusing 29 defendants of misdeeds. Hundreds of millions of dollars were at stake, ...
See all stories on this topic »Power broker Bill Scherer profits from rival Scott Rothstein's downfall
Sun-Sentinel
When it comes to onetime rival Scott Rothstein, Fort Lauderdale attorney Bill Scherer is having the last laugh. Not only has Scherer reclaimed his place as the top power broker among local Republicans, a role the flashy Rothstein usurped for a time, ...
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| How Rothstein Says Banks Helped Run His Ponzi Scheme, Part 2: TD Bank Broward-Palm Beach New Times (blog) 29 2012 at 3:33 PM We wrote earlier today about the latest settlements going to investors in Scott Rothstein's $1.2 billion Ponzi scheme; investors were awarded $130 million and lawyers at least another $50 million from TD Bank and Gibraltar Bank ... See all stories on this topic » |  Broward-Palm Beach New Times (blog) |
South Florida Business Journal (blog)
It took shoe leather and elbow grease, but attorneys for various parties in the Scott Rothstein Ponzi litigation against Gibraltar Private Bank & Trust finally ironed out an agreement Wednesday amongst themselves regarding settlement with the bank.
See all stories on this topic »How Gibralter Bank Helped Rothstein's Ponzi
Broward-Palm Beach New Times (blog)
29 2012 at 2:09 PM Update: Also check out part 2, on Rothstein's accusations on the role of TD Bank in the scheme. Both TD Bank and Gibraltar Private Bank & Trust Co. have settled with a group of investors in Scott Rothstein's Ponzi scheme and will ...
See all stories on this topic »Toronto-Dominion First-Quarter Profit Falls on Litigation Costs in Florida
Bloomberg
Toronto-Dominion recorded costs of C$171 million for litigation related to disbarred Florida attorney Scott Rothstein, who admitted running a $1.2 billion Ponzi scheme. The bank lost a $67 million jury verdict in January over an investor group's claims ...
See all stories on this topic »TD Bank profit slips, but tops estimates
Reuters
The bank set aside C$171 million for costs related to a $1.2 billion Ponzi scheme run by Florida lawyer Scott Rothstein. TD was ordered to pay $67 million in January after losing a Miami verdict related to its involvement in the case, and then settled ...
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| TD profit hit by capital markets, litigation reserve Globe and Mail ... most significantly a litigation reserve that amounts to $171-million after tax, which the bank is setting aside after it was ordered to pay $67-million for its role as a third-party bank in a $1.2-billion Ponzi scheme operated by Scott Rothstein, ... See all stories on this topic » |  Globe and Mail |
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