35 former senior attorneys from the defunct Fort Lauderdale firm Rothstein Rosenfeldt Adler are being investigated by the Florida Bar. In November, Scott Rothstein, the firm’s co-founder, was disbarred, then criminally charged with operating a Ponzi scheme involving hundreds of millions of dollars of client and investor funds.
“The Bar is actively investigating and will pursue remedies against anyone who has violated any rules,” said Jessie Diner, president of The Florida Bar board of governors. “This investigation didn’t stop with Scott Rothstein.”
Client trust accounts will be the initial focus of Florida Bar investigators. They will first determine if false representations were made when they were certified, and whether Rothstein’s former colleagues misappropriated money from the accounts.
According to federal prosecutors, Rothstein’s clients were informed they were purchasing blocks of structured settlements from cases involving confidential agreements but the settlements did not exist.
Posted by joshua
on January 14, 2010. Filed under Home,Law Firm News,Legal News.
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