We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!