Florida Feeder Fund Manager Found Guilty For Role in Rothstein Ponzi Scheme
Today, a Florida federal court jury found investment manager George Levin liable on every count brought by the Securities and Exchange Commission (SEC) for his role in Scott Rothstein’s $1.2 billion Ponzi scheme. Levin ran the Banyon 1030-32 LLC “feeder fund” that directed assets to Rothstein, much like many other feeder funds did for Bernie Madoff.
After a short deliberation, the jury found that Levin committed a number of securities violations when he urged others to invest in Rothstein’s sham legal settlements and did not provide the safety procedures he assured his investors he would. Mr. Levin’s attorney indicated he would appeal the decision.
The experienced securities fraud attorneys at Colling Gilbert Wright & Carter are currently investigating and litigating alleged Ponzi schemes. If you believe you have invested in a Ponzi scheme, please contact our firm for a free case evaluation.