Jul 23, 2010
Hedge Fund Owner in Rothstein Case Agrees to Surrender Bulk of Assets
Florida millionaire George Levin, whose Banyon Investors Fund was the main feeder fund that funneled about $830 million into Scott Rothstein’s Ponzi scheme, has agreed to surrender most of his assets under a bankruptcy settlement. In what appears to be the largest settlement to date in the case, the former hedge fund manager has agreed to give up most of his 29 properties and business interests. The value of the properties was not disclosed, but Levin has said in financial papers he is worth $100 million to $200 million.