Rothstein Partner Sued Over $1.2M In Ponzi Funds

Law360, New York (February 9, 2010, 2:28 PM EST) -- The lawyers overseeing the bankruptcy of disgraced Ponzi schemer Scott W. Rothstein's law firm have sued name partner Russell Adler seeking to recover $1.2 million in fraudulent transfers that allegedly financed a Manhattan co-op apartment, among other purchases.

Rothstein Rosenfeldt Adler PA Chapter 11 trustee Herbert Stetting filed his adversary complaint against Adler and his wife, Katie, in the U.S. Bankruptcy Court for the Southern District of Florida on Monday.

The Adlers received the transfers set forth in the complaint from RRA within four years of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.