Jul 15, 2010
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.