The Real Deal New York

Posts Tagged ‘scott rothstein’

  • Convicted Ponzi schemer and disgraced South Florida attorney Scott Rothstein’s two-bedroom condominium at One Beacon Court sold yesterday, according to the listing, although details on who picked up the pad were not immediately available.

    Rothstein and his wife, Kim, purchased the unit at 151 East 58th Street between Third and Lexington avenues for $5.95 million in 2008. But in late 2009, federal prosecutors indicted the Fort Lauderdale lawyer for bilking investors of $1.2 billion. He ultimately pleaded guilty to fraud charges and is currently serving a 50-year prison term. [more]

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  • Shamed South Florida attorney Scott Rothstein has listed his luxury Manhattan condominium unit at One Beacon Court for $5.4 million, according to Curbed.

    The ponzi scheme fraudster pleaded guilty to racketeering, money laundering and fraud in his $1.2 billion scheme January 2010. The listing, at 151 East 58th Street, bears no trace of criminal proceedings with no mention of restitution, bankruptcy or federal approval, Curbed reported [more]

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  • From the South Florida website: Disbarred Fort Lauderdale attorney Scott Rothstein has been sentenced to 50 years behind bars, after pleading guilty to perpetrating a $1.2 billion Ponzi scheme. Among Rothstein’s group of investors was Manhattan-based developer Stephen Ross, whose Related Companies funneled $4 million to Rothstein’s firm. Millions of dollars worth of belongings were revoked from Rothstein following his arrest, including 22 properties, an 87-foot yacht and a fleet of pricey sports cars. Federal officials hope to use that money to reimburse those victimized by Rothstein.

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  • The 3,500-square-foot Time Warner Center pad that belongs to venture capitalist Doug Allmen has found a buyer willing to pay around $15.95 million in cash for his duplex on the 74th and 75th floors, according to the Post. The three-bedroom unit at the building also known as 25 Columbus Circle, listed for $18.45 million last year after Allmen was reportedly hit by the collpase of Fort Lauderdale attorney Scott Rothstein’s Ponzi scheme, is now in contract. Sources said the buyer is a “Russian oligarch billionaire,” whose new apartment has views of Central Park, a private elevator and a 45-and-a-half-foot-long great room. Brown Harris Stevens broker duo Elizabeth Sample and Brenda Powers had the listing. [Post]

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  • A pair of high-floor Time Warner Center condos, each touched by high-profile scandals, is on the market for a combined $57.5 million. The first, a $34.95 million four-bedroom, 4,500-square-foot unit, belongs to alleged Psychic Readers Network scammer Steven Feder. Feder, whose hotline was brought down in 2002 after a fury of lawsuits led him to forgive $500 million in customer bills, purchased the apartment for $24.4 million in 2008, trading up from a $15.8 million condo 10 floors below. The second is an $18.45 million, 3,500-square-foot duplex owned by Doug Von Allmen, a venture capitalist who is reported to have been duped by Scott Rothstein, of Fort Lauderdale Ponzi scheme fame. While separately, the apartments’ cost only adds up to $53.4 million, brokers Elizabeth Sample and Brenda Powers of Brown Harris Stevens are hoping that buyers will be willing to pay the additional $4.1 million premium on the combined space. [Post, 1st item]

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  • Related Companies CEO Stephen Ross and his colleague, Miami condo mogul Jorge Perez, head of the Related Group, had $4 million invested with accused fraudster Scott Rothstein, according to bankruptcy court documents filed Dec. 22, Paul Brinkmann of the South Florida Business Journal reported. Related PR, whose mailing address matches that of a Miami office of the Related Group, appears on a list of investors in the Fort Lauderdale attorney’s former law firm, Rothstein Rosenfeldt Adler, which filed for Chapter 11 bankruptcy after Rothstein’s massive Ponzi scheme was revealed. Perez is director and president of Related PR and Ross is a director, according to state documents. Most of the other investors on the list are from Florida, but a group of New York investors, including Ross and Zack Hampton Bacon III, a hedge fund manager who invested $500,000 with Rothstein, were also scammed. [SFBJ]

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  • From the South Florida Web site: Casa Casuarina, the glitzy South Beach hotel, restaurant and club, is one of the many businesses and properties affected by attorney Scott Rothstein’s alleged $1 billion Ponzi scheme. His restaurant operation, Bova, briefly ran Casa Casuarina in an effort to revive the finances at the troubled former Versace mansion. Owner Peter Loftin dismissed the Rothstein team after investigators accused the Broward lawyer of the scandal. Loftin said the club would re-open with a new, respected operator. Members have paid as much as $50,000 for initiation fees; Casa faces $160,000 in state and federal tax liens.
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