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Victims of Alleged Law Firm Scam to Get $13.6 Million, but More Payouts May Follow
Victims of an alleged debt settlement scam run by a Florida law firm will get $13.6 million, or 25 percent of their losses, under a Friday court order. Broward Circuit Judge Ronald J. Rothschild approved the receiver's motion covering claims against the Hess Kennedy firm and affiliated companies. So far, the receiver in the case has recovered $18 million in assets from the shuttered law firm and is now going after $50 million in third-party claims. No criminal charges have been filed.Bankruptcy Trustee Settles With Former Rothstein Firm Lawyers Over Future Fees
The trustee in the bankruptcy case of Ponzi operator Scott Rothstein's defunct law firm has settled disputes with seven attorneys over future legal fees from cases they handled while employed at Rothstein Rosenfeldt Adler. In motions filed Thursday, trustee Herbert Stettin seeks approval of agreements with Russell Adler and six attorneys who banded together when they left RRA: Gary Farmer, Steven Jaffe, Matthew Weissing, Brad Edwards, Mark Fistos and Seth Lehrman. Farmer said the total uncollected fees could exceed $10 million.Trustee Seeking to Prevent Assets From Being Hidden in Rothstein Case
In an emergency hearing scheduled for today, a bankrupty judge is expected to consider a trustee's motion to block disgraced attorney Scott Rothstein from hiding or destroying assets held by dozens of his business entities. Rothstein was arrested Tuesday on charges of racketeering conspiracy, money laundering, and mail and wire fraud. Federal prosecutors have said Rothstein's arrest may not be the last, and that he had "co-conspirators" in what is arguably the largest fraud in Miami area history.Verdict Out on Whether Legal Team Gave Good Advice in Mark Foley E-Mail Case
Many attorneys are wondering whether disgraced former congressman Mark Foley and his advisers made the right choice by going public with the news that the former lawmaker is an alcoholic who was abused as a child, while others question his hiring a prominent criminal defense lawyer as his mouthpiece. It hasn't been confirmed whether Foley had sexual contact with any of the recipients of his e-mails or instant messages, but he could face charges relating to using the Internet to solicit sex with minors.Investment Adviser Agrees to Surrender $6 Million in Rothstein Case
The bankruptcy trustee for the defunct Rothstein Rosenfeldt Adler law firm has reached settlements with an investment adviser for $6 million and with a former RRA attorney for $700,000. Investment adviser Michael Szafranski, who acknowledges being a conduit for money transfers but denies any knowledge of Scott Rothstein's $1.2 billion Ponzi scheme, also agreed to a $32.5 million judgment, which equals an asset freeze ordered by a U.S. bankruptcy judge.TRENDING STORIES
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