Overruling objections, a Fort Lauderdale bankruptcy judge approved the distribution to unsecured creditors who were victims of Scott Rothstein's $1.2 billion Ponzi scheme.
December 19, 2014 at 01:33 PM
1 minute read
U.S. Bankruptcy Judge Raymond Ray on Friday approved the distribution of another $13 million to victims of Scott Rothstein Ponzi’s scheme, giving dozens of unsecured creditors a holiday present.
The distribution goes to general unsecured creditors—”the little people,” according to Paul Singerman of Berger Singerman, attorney for liquidating trustee Michael Goldberg.
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