According to financial records made public late Tuesday, the law firm of accused financial swindler Scott Rothstein gave a whopping $6.06 million to non-profit groups and other foundations last year.
Records show that the bankrupt Rothstein Rosenfeldt Adler firm made these contributions to at least 113 organizations. These documents were part of a filing in U.S. Bankruptcy Court by law the law firm’s trustee, Herbert Stettin.
Rothstein, accused of running a $1.2 billion Ponzi scheme out of his law office, is now sitting in the Federal Detention Center in Miami and at least thirty charities received letters last month warning them to return any money donated by Rothstein’s firm. Charities that do not return the money are at risk of being sued.
Of the money donated, the firm gave $2.5 million to the attorney’s own foundation, the Rothstein Family Foundation, and another $1 million went to the Florida Care Foundation, who have agreed to return the money.
Posted by Aine Ford
on December 23, 2009. Filed under Home,Law Firm News,Legal News.
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