White-Collar Crime

Former Rothstein Partner Receives Prison Sentence

06/30/14

A South Florida lawyer on Friday received a 30-month prison sentence, the consequences of getting mixed up with Ponzi-scheme operator Scott Rothstein.

Russell Adler, one of three name partners in the now-defunct law firm Mr. Rothstein founded, received his sentence from a federal judge after pleading guilty to making illegal contributions to political campaigns at Mr. Rothstein’s request.

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Rothstein Law Firm Pleads Guilty to Criminal Conspiracy Charge

06/12/14

A former law partner of Ponzi-scheme operator Scott Rothstein pleaded guilty to a criminal charge this week.

With Stuart Rosenfeldt’s guilty plea, to a count of criminal conspiracy, all three name partners of the now-defunct Florida law firm Rothstein Rosenfeldt Adler have admitted to criminal activity.

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Minnesota College Settles Petters Clawback

06/10/14

A Minnesota liberal arts college that was once a beneficiary of Tom Petters’s largesse will return $600,000 of the $3 million it received.

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The Broke and the Beautiful: Former Phillies Edition

06/06/14

This week on The Broke and the Beautiful, we’ve got more details on Lenny Dykstra’s upcoming biopic, and investors in ex-teammate Curt Schilling’s 38 Studios see some love in Rhode Island’s budget. Also, a bankruptcy trustee is asking a judge to hold Joe Francis in contempt of court.

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Dreier Bankruptcy Advisers Request $18 Million

06/05/14

: Marc Dreier; Associated Press

In the 5 1/2 years since attorney Sheila Gowan began liquidating Marc Dreier’s former law firm, she’s collected $79 million to help repay the de

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The Broke and the Beautiful: BottleRock Edition

05/30/14

This week on The Broke and the Beautiful, BottleRock is back from rock bottom, and Denis Leary is aiding Detroit firefighters. Also, an injured baseball fan is still looking for compensation from the Los Angeles Dodgers.

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TelexFree Reaching Out to Investors, Creditors

05/28/14

TelexFree LLC has come under siege in recent weeks by federal prosecutors and securities regulators, which have alleged the company is behind a $1 billion-plus pyramid scheme. Now, the beleaguered company faces the daunting challenge of notifying hundreds of thousands investors worldwide about its pending bankruptcy.

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The Daily Docket: Bond Trustees Named to Energy Future’s Creditor Committee

05/14/14

Federal bankruptcy monitors have named seven creditors to the influential panel that will speak for unsecured creditors in the $42 billion bankruptcy of Energy Future Holdings Corp. Read the Daily Bankruptcy Review article here.

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