Investors Accuse TD, Gibraltar Of Aiding Rothstein Fraud

Law360, New York (July 29, 2011, 3:39 PM EDT) -- 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...
To view the full article, register now.




Case Information

Case Title

Adams et al v. Rothstein et al

Case Number



Florida Southern

Nature of Suit

Racketeer/Corrupt Organization


James I. Cohn

Date Filed

July 28, 2011

Law Firms


Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.