Investors Accuse TD, Gibraltar Of Aiding Rothstein Fraud

Law360, New York (July 29, 2011, 3:39 PM ET) -- Nearly five dozen victims of Scott Rothstein's massive Ponzi scheme sued TD Bank NA and Gibraltar Private Bank & Trust on Thursday in Florida, saying they lost nearly $40 million in part because the bankers helped the attorney carry out his scheme.

The financial firms “played critical roles in selling and facilitating Rothstein’s structured settlement scheme to unwitting investors,” said the group of investors, who lost money they had invested in Banyan Capital LLC funds, according to the complaint.

The funds were supposedly connected to the...
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Case Information

Case Title

Adams et al v. Rothstein et al


Case Number

0:11-cv-61688

Court

Florida Southern

Nature of Suit

Racketeer/Corrupt Organization

Judge

James I. Cohn

Date Filed

July 28, 2011

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