The Sun-Sentinel has more here:
The Fort Lauderdale hedge fund manager who was the largest feeder to Ponzi schemer Scott Rothstein has agreed to give up much of his wealth as part of a settlement with bankruptcy attorneys.
The settlement agreement by George Levin and his Banyon investment entities — which funneled $830 million into Rothstein's $1.4 billion investment fraud — was filed late Monday in U.S. Bankruptcy Court.
It does not spell out which assets Levin has agreed to sell and turn over to the trustee for Rothstein's now-bankrupt law firm, but Levin and his wife get to keep their $4.2 million Fort Lauderdale home and roughly $750,000 in personal possessions, according to the agreement.
In other news, Rumpole has admitted that he was wrong and "[o]f course Mr. Markus is right."
The SDFLA Blog is dedicated to providing news and notes regarding federal practice in the Southern District of Florida. The New Times calls the blog "the definitive source on South Florida's federal court system." All tips on court happenings are welcome and will remain anonymous. Please email David Markus at dmarkus@markuslaw.com
4 comments:
Where does that leave the lawyers handling the civil suit?
With a measly 1/2 billion to feed on
Don't they teach you to read at Harvahrd? How about legal analysis. Take down that misleading link or I shall have to seek legal counsel. Perhaps Mr. Barzee or Mr. Flores are available.
What a baby. Won't even print my defense. Some free speech advocate you are.
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