Investment Manager Charged With Aiding $1B Rothstein Plot
Law360, Miami (July 14, 2014, 8:12 PM EDT) -- Federal prosecutors on Monday filed a criminal information against an investment manager who worked for feeder funds that helped fuel the $1.2 billion Ponzi scheme that Scott Rothstein ran out of his now-defunct law firm.
In an information filed in the Southern District of Florida, prosecutors said that Frank Preve, who worked as an independent contractor for feeder fund Banyon Capital LLC and other related Banyon entities, should have known that Rothstein's firm, Rothstein Rosenfeldt Adler PA, was sending the feeder funds documents for sham legal settlements.
Preve was aware that RRA “was not providing the Banyon Group with fully executed...
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