TD Bank Aided Rothstein Fraud, Fund Says In $61M Suit

Law360, New York (May 28, 2010, 3:10 PM EDT) -- Emess Capital LLC has launched a $61 million lawsuit against TD Bank NA and Scott W. Rothstein, alleging the bank and the jailed lawyer to South Florida glitterati committed fraud and perpetrated a money laundering conspiracy.

The Brooklyn, N.Y.-based investment fund 's fraud and racketeering complaint, lodged Wednesday in the U.S. District Court for the Southern District of Florida, claims the defendants stole and diverted hundreds of millions of dollars from numerous victims.

Rothstein is to be sentenced next month for his role in the collapse...
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.