The Real Deal Miami

Florida Supreme Court: Miami attorney ran Ponzi scheme

May 01, 2011 09:30PM

Miami attorney Theodore Ross Dempster has been disbarred after allegedly
running what the Florida Supreme Court called “similar to a Ponzi
scheme.” According to allegations, Dempster was running a real estate
investment fraud scheme through a company called McBain Investments
Trust, until he was sued on May 20 of last year by two investors who
gave him money. The first Bar complaint against Dempster was filed four
days later by City National Bank of Florida, according to Supreme Court
documents. [SFBJ]