Blog posts with "Ponzi Scheme"

The U.S. Court of Appeals for the Eleventh Circuit recently denied TD Bank’s request for a rehearing concerning the $67 million verdict against TD Bank in favor of Coquina Investment based on TD Bank’s role in the billion-dollar Ponzi scheme perpetrated by Scott Rothstein. Plaintiff Coquina Investments (“Coquina”) invested with Rothstein and lost millions when his scheme collapsed. Defendant TD Bank, N.A. (“TD Bank”) was the bank through which Rothstein handled transactions with h...

Attorney Anthony Livoti, Jr. of Ft. Lauderdale was recently convicted by a Miami federal jury “of conspiracy to commit wire and mail fraud, conspiracy to commit money laundering, and mail fraud” as “the result of Livoti’s participation in a scheme to defraud approximately 30,000 victims who invested in the viatical and life settlement company Mutual Benefits Corp. (MBC). “For nearly ten years, Anthony Livoti, Jr. used the prestige of his law license to further this massive, multi-mi...