With federal prosecutors grabbing for most of the assets left over from Scott Rothstein’s massive Ponzi scheme, it remains to be seen whether attorneys involved in his former firm’s bankruptcy will reap the millions of dollars in fees originally expected from the case.
Federal prosecutors are trying to muscle the bankruptcy attorneys out, and so far they’ve succeeded. The government holds that it can get more money to the victims of Rothstein’s $1.2 billion fraud faster than those administering the remains of Rothstein Rosenfeldt Adler — without generating the millions of dollars in fees associated with bankruptcy cases.
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