8/9/2019 Alleged 'Ponzi' lawyer a Gibraltar Bank owner - Coral Gables Gazette

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Posted on Mon, Nov. 09, 2009 Share

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Alleged 'Ponzi' lawyer a Gibraltar Bank owner

Fort Lauderdale attorney Scott Rothstein, under federal investigation for what

investors describe as a "Ponzi scheme" running into the hundreds of millions of 

dollars, invested about $5 million in a Coral Gables-based bank, according to a

statement from the bank released Nov. 9.

Gibraltar Private Bank & Trust, with headquarters at 220 Alhambra Circle, was

purchased two months ago for $93 million by a group of investors. A Delaware

corporation controlled by Rothstein purchased 5 percent of the bank's shares,

Gibraltar said in its statement.

Records from the bank were among reams of documents seized last week from

Rothstein's law offices by FBI and IRS agents.

A federal judge issued a civil warrant to seize those shares and hold them in

trust.

Gibraltar will "continue to safeguard these shares until it receives further

instructions from federal authorities," the statement said.

C o m m e n t s

Just Maybeee Shakespeare was right!

said Anonymous at 09-Nov-09 03:23 PM

The entire federal government is a big ponzi scheme.

said whatever  at 09-Nov-09 08:19 PM

For all you degenerate small time politicos in Coral Gables...you should all take a

lesson here from Scott.

IF YOU'RE GONNA STEAL, STEAL BIG!

said Send In The Clowns at 10-Nov-09 11:06 AM

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