The Real Deal Miami

Related Group invested with Ponzi-schemer Scott Rothstein’s law firm

January 04, 2010 10:33AM

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 addresses 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]