2 Men Indicted For $275M Medical Debt Investment Fraud

Law360, Chicago (September 5, 2013, 7:52 PM EDT) -- Two men were indicted in Maryland on Wednesday for allegedly scamming hedge funds and other investors out of more than $275 million in a sophisticated scheme involving medical debt investments.

Richard Shusterman, 50, and Jonathan E. Rosenberg, 44, were arrested Thursday and charged with conspiracy and nine counts of wire fraud in connection with the alleged scheme, according to a statement from the U.S. attorney’s office in Maryland.

Two other men who allegedly took part in the fraud — Robert Feldman, 65, and Douglas A. Kuber,...
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