A bankruptcy judge approved a $15 million settlement Tuesday with Gibraltar Private Bank & Trust, one of the two banks Scott Rothstein funneled money through while running his $1.2 billion Ponzi scheme.
U.S. Bankruptcy Judge Raymond Ray in Fort Lauderdale approved the settlement between the Coral Gables-based bank and a trustee recovering funds for victims of the settlement financing fraud operated from Rothstein’s law firm, Rothstein Rosenfeldt Adler. He also approved a bar order preventing any future lawsuits related to Rothstein against the bank.
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