May 28, 2010
Investment Fund Suing for $61 Million Lost in Rothstein Scheme
An investment fund claiming a $61 million loss in Scott Rothstein’s phony settlement financing scheme is suing the convicted felon and TD Bank, claiming the money disappeared in the final two months before the fraud came crashing down. A total of $30 million in investment funds from Emess Capital was cleaned out of RRA’s TD Bank trust accounts just before Rothstein flew to Morocco, also the destination of a $16 million wire transfer by TD Bank, a federal racketeering lawsuit filed Wednesday claimed.