Trustee for Rothstein Law Firm Files Clawback Suits Worth $14 Million
The bankruptcy trustee for Rothstein Rosenfeldt Adler is casting a wider net to recover money distributed by the insolvent law firm in the final months before it tanked in a $1.2 billion fraud. An attorney for the court-appointed trustee filed eight clawback actions Friday seeking $14.2 million that went out the door within 90 days of the firm's bankruptcy. The investment commitments illustrate the success of Scott Rothstein's Ponzi scheme as he recruited investors with promises of annual returns as high as 164 percent.
