Rothstein Investors Pay Portion of Award to Defunct Law Firm
Coquina Investments agrees to fork over $28 million to other victims of Scott Rothstein's Ponzi scheme, allowing the eighth and final class of victims to be repaid.
June 10, 2015 at 04:38 PM
1 minute read
U.S. Bankruptcy Judge Raymond Ray has approved a $28.1 million settlement with a key investor in Scott Rothstein's Ponzi scheme, allowing the final class of fraud victims to be repaid.
The Fort Lauderdale judge on Tuesday approved the settlement between the trustee overseeing the liquidation of Rothstein's defunct law firm, Rothstein Rosenfeldt Adler, and Texas-based Coquina Investments LLC.
Coquina was a victim of the Ponzi scheme and received a $67 million jury verdict against TD Bank for the bank's role in running the $1.2 billion settlement financing fraud.
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