We write today about a development in an action filed in the United States District Court for the Southern District of Florida by plaintiff Coquina Investments against defendants Scott W. Rothstein and TD Bank. According to the court, the complaint alleges that “Rothstein promoted, managed, and supervised a fraudulent racketeering scheme selling fictitious structured settlements.” The alleged Ponzi scheme consisted of approximately 400 investors who were defrauded out of more than $400 million.

Source: Financial Fraud Alert
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