Sunday, 29 March 2015
Last updated 2 days ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…