Lawyer Gets Prison For Lying To Hedge Funds In Rothstein Fraud

May 21 2014 | 10:26am ET

A Florida lawyer and friend of Ponzi schemer Scott Rothstein was sentenced yesterday to five years in prison for helping prolong the $1.4 billion fraud.

Christina Kitterman impersonated an official of the Florida Bar Association, a ruse that prosecutors said kept Rothstein’s scam afloat for another six months, U.S. District Judge Daniel Hurley found. He said she knew she was committing fraud when she pretended to by Adria Quintela, a top Bar official, to tell Rothstein’s hedge fund investors that the Bar had frozen his assets, preventing him from paying them. Kitterman denied the allegation on the stand, but owned up to the call yesterday.

“I accept responsibility,” she said. “I made a phone call that hurt people. If I could take back that phone call, I would.”

Kitterman’s call helped assuage the hedge funds’ fears and kept them from filing a lawsuit that would have revealed Rothstein’s scam six months earlier. The Ponzi scheme collapsed in October 2009.

Rothstein testified at the trial—called by Kitterman’s lawyers—and said that she knew what she was doing when she made the call. He said they had a sexual relationship and that she, like he, was friendly with members of the mob.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...