Skip to Navigation

Alleged 'Ponzi' lawyer a Gibraltar Bank owner - Coral Gables Gazette

Coral Gables Gazeette
Embedded Scribd iPaper - Requires Javascript and Flash Player
'Ponzi' lawyer a Gibraltar Bank owner
http://www.cggazette.com/index.cfm/index.cfm?dsp=news.vi...
Thursday, August 26, 2010
Member Login
Site Map
86°F
Mostly Cloudy
Home
News
Opinion
Classifieds
Community
News
News
Top News Stories Coral Gables News Miami Arts 2008 Year in Review Coral Gables Business Coral Gables Obituaries Miami Real Estate Miami's Greatest 2009 Opinion Police Blotter Travel
Alleged 'Ponzi' lawyer a Gibraltar Bank owner
Posted on Mon, Nov. 09, 2009
Share
POPULAR NEWS
Newest Most Views Most Comments
ARMED BANDIT HOLDS UP METRO BANK
At approximately 9:56 a.m. on Wednesday, the Coral Gables Police Department received a call of an ar more
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.
Comments 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 Leave your comment Rating Your Name Low High
REPORT FINDS LIENS, SLOPPY BOOKKEEPING, FREE WATER
A comprehensive audit of Coral Gables’ business relations with the management of the Biltmore Hotel, more
EXISTING CONDO SALES RISE 43% SINCE
Advertise
Advertising On cggazette.com Classified Advertising
Services
Coral Gables Classifieds Coral Gables Forum Staff Directory About Us Contact Us
Classifieds and Directories
Community Coral Gables Restaurants Gables Shopping Local Real Estate Professionals Miami's Greatest 2008 Services Travel
Please enter code on image
Submit
Home News Opinion Classifieds Community
copyright 2007 all rights reserved
1 of 1
8/26/10 4:02 PM

Published under a Creative Commons License By attribution, non-commercial
AttachmentSize
'Ponzi' lawyer a Gibraltar Bank owner.pdf426.91 KB