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Another Madoff: Lawyer Scott Rothstein arrested for $1.2 billion ponzi scheme
Scott Rothstein, a disbarred South Florida Jewish lawyer, pleaded not guilty to U.S. charges alleging he ran a $1.2 billion fraud that paid for his lifestyle and donations to Governor Charlie Crist and other politicians.
Jewish Rothstein, 47, faces 100 years in prison if convicted of two counts of wire fraud and three conspiracy charges filed yesterday. Prosecutors say his law firm was a racketeering...
Another Bernard Madoff? Hedge-fund manager Arthur Nadel vanishes with $350 million of clients’ cash
In a case with parallels to the Bernie Madoff scandal, a prominent Florida hedge fund manager has vanished – and so has up to $350 million of his clients’ money.
Sarasota police are looking into claims that Arthur Nadel, 76, defrauded investors before leaving a distraught note for his family and disappearing.
Cops began investigating on Friday after investors complained that Nadel, president...
Art Dealer Charged With Stealing $88 Million
A once-prominent art dealer was arrested on Thursday on an indictment charging that he stole $88 million from investors, collectors and artists who had consigned paintings and sculpture to his Upper East Side gallery, the authorities said.
The Manhattan district attorney, Robert M. Morgenthau, said the Jewish dealer, Lawrence B. Salander, sometimes sold the same painting to more than one buyer. Aides...